342 'sustainable' rented flats to be built on derelict land at River Clyde waterfront
Date | 08 April 2021 |
Published date | 08 April 2021 |
Publication title | GlasgowLive (Scotland) |
The development, called 'City Wharf', will be located by the Clyde near the Broomielaw and Anderston Quay, on derelict land adjacent to the Kingston Bridge.
It is thought that the flats will be completed at the start of 2023.
The funding is aligned to the Loan Market Association's "Green Loan Principles" and one of the first sustainable finance facilities of its kind in the housing sector.
The grant is aimed to fund its existing pipeline of 11 sustainable build-to-rent developments across the UK with capacity to accommodate in excess of 4,500 new build-to-rent homes.
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Ed Tynan, Director of the Dandara Group, said: "As a large-scale Build to Rent developer and operator, we are committed to managing the social, economic and environmental impacts of our activities responsibly.
"In securing this new Green Revolving Credit Facility, we have increased our ability to deliver sustainable new homes which enhance residents' lives and add long-term social and economic value to the communities we operate in."
Robert King, Head of Sustainable Finance at HSBC UK, saod : "Residential housing is a substantial contributor to UK carbon emissions. Providing housing with strong sustainability credentials is therefore critical to meeting the UK's net zero goals.
"Supporting businesses such as Dandara in meeting their sustainability goals through the provision of innovative Sustainable...
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