Ardian and Prelios SGR secured a EUR 50 million green loan with Credit Agricole CIB for the properties in piazza Fidia 1 and via Roncaglia 12 in Milan

Ardian, a world-leading private investment house, and Prelios SGR, among leading Italian real estate and securities SGRs, secured a EUR 50 million green loan with Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) Milan Branch, which acted as Mandated Lead Arrangers, Underwriters, Bookrunners e Green Structuring Advisor and Coordinator. The green loan will be used by AREEF 2, the multi-fund Sicaf wholly owned by Ardian and managed by Prelios SGR, to refinance the two buildings in Piazza Fidia 1 and Via Roncaglia 12 in Milan.

The two buildings have undergone a major redevelopment plan according to the highest international standards, primarily well-being and energy efficiency. The exceptional ESG and architectural features of both buildings enabled AREEF 2 SICAF to optimize the management of the assets by leasing them to leading national and international tenants and to obtain financing on favourable terms. This confirms the effectiveness of Ardian's Build-to-Green+ strategy, which continues to guarantee excellent performance while helping to stabilize the portfolio.

'Primo Building', the property in Piazza Fidia 1, covers approximately 8,725sqm of GLA distributed over 11 floors, mainly for office use, and was completely renovated based on a design by architect Stefano Belingardi. The building is one of the few existing buildings classified as NZEB (Nearly Zero Energy Building), it is 34% more efficient than a standard Grade A building with four ESG certifications (LEED Platinum, BREAAM Very Good, WELL Silver, WIREDSCORE Certified) and it already fits the Paris Agreement in terms of CO2 emission targets. Today the building is the Milan headquarters of Satispay.

The building in Via Roncaglia 12, which recently won Urbanfile's 'Architecture and Urban Planning Award 2023', has a surface area of 7,664 square metres on 10 floors, mainly for office use, and was entirely renovated thanks to a project by the Garretti Associati architecture studio. It boasts LEED Platinum and BREAAM Very Good certifications and is already compliant with the Paris Agreement for CO2 emissions. The building is almost entirely rented out to national and international tenants of high standing.

list of participants

Crédit Agricole CIB Legal Advisor: Gianni & Origoni (GOP)

Ardian Legal Advisor: Chiomenti

Legal Due Diligence: PedersoliGattai

Technical Due Diligence: Yard REAAS

ESG Due Diligence: Arup

Notary: Cortucci Nardi Notai Associati

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