The loans, totalling over £370m, will help Bruntwood businesses, including Bruntwood SciTech, the UK's leading provider of property to the science and tech sectors, drive down emissions across their commercial property schemes in line with zero emissions targets.
Earlier this month, Bruntwood Works secured a £276m, 15-year loan facility with Aviva to fund the changes, helping the business achieve its goal of net zero carbon on all new buildings by 2030 and across its entire portfolio by 2050.
As part of the agreement, the business will meet a series of sustainable performance metrics which promote emissions reduction and the use of green energy.
The earlier loan, a £95m debt facility provided by Lloyds Bank, Santander, Natwest and HSBC UK, was an extension of existing £185m loan to Bruntwood SciTech, the UK's leading provider of property to the science and tech sectors.
Addleshaw Goddard has provided legal advice to Bruntwood SciTech, which is a joint-venture partnership between Bruntwood and Legal & General, on a number of its major sites since the business was formed three years ago. Key schemes include cutting-edge innovation districts in Manchester, Liverpool and Cheshire.