German real estate and Pfandbrief bank Berlin Hyp is providing a loan of €78 million to Orange Capital Partners to finance the purchase of a residential portfolio of homes for rent in the Netherlands.
The portfolio includes eight residential complexes which provide 440 homes in Huizen, Eindhoven, Rotterdam, Hengelo, Apeldoorn, Nuenen and Gouda. The total rental area is around 51,000 sq m.
The loan is the third deal with Orange Capital Partners in a year.
Last month Berlin Hyp also became the world’s first bank to directly link its sustainability and climate targets to refinancing by issuing its Sustainability-Linked Bond (SLB), a senior preferred bond with a term of 10 years and a volume of € 500 million. The interest coupon is 0.375% which will increase by 25 basis points in its final year if Berlin Hyp fails to meet its climate targets which include reducing the carbon footprint of its entire loan portfolio by 40% of the base figure by 2030.