Financing Tools for A Green Building Stock

This report is the first result of a research program on existing incentives and conditions for the financing of sustainable real estate. This project is part of the program Energo Fiego, which has been initiated by the Market Financiers Group of the Dutch Green Building Council (DGBC) and is conducted in partnership with the Holland Financial Centre, Utrecht Sustainability Instituteand GRESB. The Dutch Green Building Council (DGBC) acts as secretary of the Group.

The importance of sustainability in the built environment is increasing, and the main Dutch property financing firms recognize this importance. In 2011, the financiers expressed the intention to contribute to the road to a sustainable built environment through a covenant, and the financiers are now members of the Market Financiers Group of the DGBC.

Through this partnership, the financiers explore the opportunities for integration of sustainability requirements into financing of new developments, redevelopments, or refinancing of commercial real estate.Through rigorous research, the aim is to make sustainability an implied condition in financing new construction, redevelopment or refinance real estate.

The member of the Market Financiers Group are:

· ABN Amro Real Estate
· ING Real Estate Finance
· FGH Bank
· NIBC
· Syntrus Achmea Real Estate & Finance

This report has been authored by Piet Eichholtz and Nils Kok of GRESB & Maastricht University.