Gecina closed three new responsible loan agreements with BNP Paribas, Natixis and Société Générale for a total of €660 million.
The loan conditions are indexed against the Paris-focused real estate developer's corporate social responsibility performance. Gecina now has over 20% of its bank line portfolio, or €910 million, linked to its societal and environmental performance, CEO Méka Brunel said in a release.
The loans are part of the renewal of €1.2 billion of new bank credit lines with average maturities of about seven years.
