Kennedy Wilson has secured €110m in green loans from AIB to fund more than 140,000 square feet of recently developed office space in Dublin, Ireland.
The three projects at Ten Hanover Quay (pictured), 20 Kildare Street and 94 St Stephen’s Green were designed to achieve alignment with the key principles of EU taxonomy – a classification system for sustainable activities that was established to boost sustainable investment as part of the European Green Deal.
The office redevelopments included the repurposing of existing buildings, re-using materials and preserving historically significant assets through sympathetic restoration.
The St Stephen’s Green office has received LEED Platinum certification and Kennedy Wilson is targeting LEED Gold and Platinum, WELL Gold and Wiredscore Platinum at Ten Hanover Quay and 20 Kildare Street.
Peter Collins, global sustainability officer at Kennedy Wilson, said: “The creative reuse and repurposing of older existing buildings is one of the keys to a lower carbon future. The letting of these projects ahead of our initial business plan and the long-term green financing support from AIB shows the market is increasingly aligned on these key ESG issues.
“This achievement demonstrates our ongoing commitment to environmentally sensitive development practices in Ireland and has helped to further align our investment strategies with our sustainability goals.”
