The European Bank for Reconstruction and Development (EBRD) is providing a 250 million euros green loan to NE Property BV, a subsidiary of NEPI Rockcastle, to finance sustainable real estate investments across Central, Southern and Eastern Europe.

The eight-year senior unsecured loan will support new developments, upgrades and expansion of green retail assets, primarily in Romania, Bulgaria, Poland and Hungary.

The transaction will also help advance decarbonisation in the real estate sector as NEPI Rockcastle has set a target to implement the UK Net Zero Carbon Buildings Standard across its new developments, supporting the transition to more energy-efficient, low-carbon buildings in the EBRD regions.

Beyond the physical investments, the project includes a multi-year training programme for more than 300 employees, focused on digital, AI, cybersecurity and environmental-management skills, supporting the sector’s shift towards more data-driven and sustainable asset management.

The EBRD’s financing provides long-term funding that complements NEPI Rockcastle’s existing capital markets and bank financing, helping NEPI Rockcastle diversify its funding sources and accelerate its green investment programme.