Berlin Hyp grants a taxonomy loan for neuplan’s new office building “neuplan KI 140 München” with a volume of €111 million

Berlin Hyp is providing a loan of €111 million to neuplan zwei GmbH & Co. KG to finance a development for “neuplan KI 140 München”, a new office building in Munich. The loan is provided as a Berlin Hyp taxonomy loan.

This will finance the construction of a new seven-storey office building with three basement levels. The modern, u-shaped building has approximately 17,100 square metres of usable space and is rented to the Bavarian Red Cross on a long-term basis. Construction is planned to be completed at the end of 2024.

The construction plans are unique, both in the energy efficiency of the building and in the EU taxonomy-compliant project development. The project is also aiming to obtain the DGNB “Climate Positive” award for the building operation. This particular combination qualifies the financing as a Berlin Hyp Green Loan i.e. taxonomy loan and thus also makes it suitable for a Green Pfandbrief. The taxonomy loan also benefits from preferential interest rates.

The new building will be located in the commercial area of the Obersendling district in Munich, which is historically characterised by a mix of industrial and residential buildings. This sustainable project development marks another step towards climate neutrality in addition to contributing to the continuous development of the neighbourhood into an urban residential district with available office space.