EPF member IPUT Real Estate has secured €300m revolving credit facility (RCF) with Wells Fargo Bank. In line with IPUT's corporate values and commitment to responsible investment, the RCF includes a €200m green component, representing the largest green facility in the Irish real estate market. IPUT also raised an additional €200m in the US Private Placement market in early 2020. As a result of these transactions, the weighted average maturity of IPUT's debt has increased from 3 years to 7.5 years with an extremely low LTV of 7%.

Niall Gaffney, Chief Executive of IPUT Real Estate, said: "The long-term winners in real estate will be those who place sustainability and the occupier experience at the centre of their investment decisions - attributes we believe are now more important than ever before. Our €200m green facility will contribute to the funding of the development at our Wilton Park estate. This 600,000ft² development, which has been fully pre-let to LinkedIn, will bring true placemaking to the city centre while providing the space for significant job creation, reinforcing Dublin's position as a global digital hub. As we begin the phased exit from COVID-19 restrictions, we are excited to be back on-site at both our Tropical Fruit Warehouse and Wilton Park developments, adding what will be two landmark office schemes to Dublin's CBD."

Pat McGinley, Chief Operating Officer of IPUT Real Estate, added: "The €200m US private placement transaction represents a further diversification of our capital base and was secured at very attractive fixed interest rates from a number of large institutional investors."

Max Sinclair, EVP and Head of UK Commercial Real Estate, Wells Fargo, commented: "IPUT is a leader in the Irish real estate market. Our relationship has gone from strength to strength over the last five years. These two transactions are an important step for IPUT and Wells Fargo is delighted to have been able to assist the company as it continues to develop its business".