The Luxembourg Stock Exchange (LuxSE) has announced the listing of the Belgian real estate developer Ghelamco’s new Green Bond on LuxSE’s regulated market.
The €47.5 million Green Bond is displayed on the Luxembourg Green Exchange (LGX) and follows Ghelamco’s inaugural €20 million Green Bond which was listed on LuxSE and displayed on LGX in January this year.
Julie Becker, Deputy CEO of LuxSE and Founder of LGX, commented: “The focus on sustainable development and a green recovery from the crisis has increased the awareness that we need more environmentally-friendly buildings. We are delighted to welcome Ghelamco to LGX this year as one of our new corporate issuers. The LGX community of issuers is not only growing in numbers, but also becoming more diverse in terms of sectors and activities and we warmly welcome yet another environmentally-conscious real estate developer on-board".
Ghelamco is a real estate investor and developer operating in the office, residential, retail and logistics markets. Since its creation in 1985, Ghelamco has expanded its operations on the international scene and is now mainly active in Belgium, Poland, France and the United Kingdom. A pioneer in the development of green office projects, Ghelamco has achieved the respected eco-label BREEAM and high ratings for many of its buildings, especially in the Belgian and Polish markets. The Group also cooperates actively with the Green Building Programme established by the European Commission, which seeks to improve awareness of energy efficiency and renewable energies in non-residential buildings.
“The Covid crisis will accelerate further demand for sustainable, new, healthy and flexible office space. The well-being of the employees is the key success in the office market. Ghelamco has acted as a game-changer in sustainable buildings over the past decades and uses the proceeds from these Green Bonds only for BREEAM “excellent” or “outstanding” buildings as one of our key differentiators,” explained Paul Gheysens, CEO and Founder of Ghelamco.
This is the second Green Bond issued by the real estate developer to finance sustainable and energy efficient real estate projects.