Trowers & Hamlins has advised Origin Housing Limited on the deal.
The private placement which has a deferred funding element features a green framework drafted in accordance with the Loan Market Association’s green loan principles. Funds will be used in accordance with the green framework to finance and refinance buildings with an Energy Performance Certificate of A or B.
Origin’s green private placement is believed to be only the second private placement in the sector linked to ESG factors.
Trowers real estate finance team acted on all the property security aspects of the private placement. The banking team was led by Naomi Roper (Picture) with Lara Marsden assisting. The real estate finance team was led by partner Katie Dyer, with Forhad Ahmed assisting.
Law Firms: Trowers & Hamlins;
Clients: Origin Housing Limited;