GRPT Green Bond

active

The IFC project is a ZAR1.0 billion (about US$54.5 million) investment in unsecured green bonds issued by Growthpoint Properties Ltd. (Growthpoint or the Company or the Group).  Growthpoint is South Africa’s largest REIT listed on the Johannesburg Stock Exchange, with total property assets of US$9.9 billion (ZAR160.8 billion) as of June 30, 2022. It operates in the commercial, retail, and industrial property sectors, and has operations across South Africa, Australia, Central and Eastern Europe, and the United Kingdom. The investment will support Growthpoint to (i) finance energy efficiency projects and renewable energy use across the Growthpoint portfolio; (ii) finance new green buildings; and/or (iii) refinance debt used to construct recently completed green buildings. The green bond issuances are a key part of Growthpoint's sustainability strategy and are aligned with its commitment to ensuring that all its portfolio buildings are carbon neutral by 2050.  IFC investment is expected to be classified as 100 percent climate related as it will be used exclusively on buildings with at least Green Star 4 category certification (according to the Green Building Council of South Africa), or equivalent.