Generali fund secures €162m green loan for Milan tower

Generali Real Estate's Rubens fund has secured a green loan with a volume of €162.5 mln for the recently-completed Libeskind tower in the CityLife district of Milan.

The 175-metre-high asset, which was completed in October last year, is entirely leased to PwC and boasts a Leed Gold environmental rating. It provides 33,500 m2 of office space across 34 storeys.

The loan was provided by lenders Crédit Agricole CIB, as lead arranger, BNP Paribas Italia, as green loan coordinator, Intesa Sanpaolo and Unicredit.

Rubens fund is owned by pension fund Enpaia (50%) and the Generali group through its Generali Europe Income Holding fund (50%).


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