SLP lowers financing costs through green loans
SLP has renegotiated about SEK 700 million of the existing loan portfolio into so-called green loans. The financing agreements are based on parts of SLP’s property portfolio being environmentally certified according to Miljöbyggnad silver, Miljöbyggnad iDrift or having low energy consumption. Green loans will allow SLP to reduce its financing costs by between 5–10 basis points per year compared to existing loans.
“The basis for the renegotiation is that we have taken further steps in our sustainability work by, among other things, certification of parts of our portfolio. This means that about 20 percent of SLP’s loan portfolio is green, which reduces the company’s carbon footprint as well as lowers our financing costs. One of the goals of listing SLP was to be able to lower our financing costs. The fact that we can carry out this successful renegotiation in the current market situation is gratifying for SLP,” says Peter Strand, CEO of SLP.
SLP’s business concept is to acquire, develop and manage logistics properties with a focus on sustainability. To achieve a sustainable approach, SLP has set sustainability targets that include silver environmental certification for new construction, green electricity in all properties, environmental certification of half of its property portfolio by 2025 according to Miljöbyggnad iDrift, and the installation of solar panels and infrastructure for charging electric vehicles in at least five properties per year.
For further information, please contact:
Peter Strand, CEO, SLP. Telephone: +46 705 881 661
Tommy Åstrand, CFO, SLP. Telephone: +46 705 455 997
About SLP – Swedish Logistic Property
SLP – Swedish Logistic Property – is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from environmental perspectives. The company’s property portfolio comprises a lettable area of approximately 690,000 square meters. SLP’s share of series B is listed on Nasdaq Stockholm. For further information: slproperty.se
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