This specialised loan product places a strong emphasis on rewarding developers who take up more sustainable building practices.
Eligible development loans will unlock interest rebates, ranging from 25bps to 100bps on drawn funds.
The Downing team will collaborate closely with developers from the outset, conducting a transparent assessment grounded in vital sustainability criteria.
These factors comprise waste and water management, embodied and operational carbon reduction, and energy efficiency.
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Transparency remains paramount throughout the process, as Downing actively engages with developers to identify areas of enhancement that will lead to increased rebates.
Upon the project's practical completion, an independent specialist will assess compliance with sustainability objectives, ensuring accountability and transparency in the implementation.
Parik Chandra, partner and head of specialist lending at Downing LLP (pictured above), commented: "We firmly believe that our sustainable loan product represents one of the most compelling incentives driving sustainable innovation within the construction industry.
“Furthermore, it aligns with the evolving preferences of end buyers who increasingly prioritise energy efficiency in residential schemes.”