Investec to use $200m IFC loan to support sustainable building in South Africa
Financial services firm Investec Bank has secured a $200-million loan from development finance institution the International Finance Corporation (IFC) to support the expansion across South Africa of property developments that are aligned with recognised sustainable building standards. Investec will deploy the funds through its Sustainable Solutions offering to augment the supply of buildings that are designed, built and operated to reduce energy and water consumption, as well as the carbon-intensity of construction materials.
Financial services firm Investec Bank has secured a $200-million loan from development finance institution the International Finance Corporation (IFC) to support the expansion across South Africa of property developments that are aligned with recognised sustainable building standards. Investec will deploy the funds through its Sustainable Solutions offering to augment the supply of buildings that are designed, built and operated to reduce energy and water consumption, as well as the carbon-intensity of construction materials.
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