Vukile gets R200m green loan from Nedbank for sustainability projects
Loan will fund installation of solar panels at Vukile-owned shopping centres
20 April 2022 - 19:12
Vukile Property Fund’s environmental, social and governance (ESG) journey has received a boost after it concluded a five-year, R200m green loan with Nedbank Corporate and Investment Banking (CIB).
The green loan is a form of financing that enables borrowers to use the proceeds exclusively to fund projects that are making a substantial contribution to an environmental objective. Vukile will use the money to fund the installation of solar panels in its shopping centres...
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