Vukile Property Find has secured R1.1 billion in funding through an innovative green loan and sustainability-linked loan with Absa.

The loans, which are refinancing existing debt facilities, will be specifically directed to the REIT’s solar PV project, and linked to its sustainability targets. The goals include reducing carbon emissions, boosting water savings, and educating property professionals – initiatives that align with Vukile’s wider environmental, social, and governance (ESG) commitments.

“This sustainability-linked loan is a first for Vukile and represents a significant milestone in our ongoing commitment to sustainability,” comments Vukile’s CEO, Laurence Rapp.

“Vukile aims to drive economic growth and be a change agent for social well-being and environmental stewardship, which ultimately assists our customers, our tenants, and our business. We are committed to leading the way in sustainability and reporting openly about our practices,” he concludes.