Groundbreaking and sustainable real estate project

An innovative real estate project financed by ING Real Estate Finance recently made headlines for its forward-looking approach to sustainability.

The deal – of Peel Media Holdings and financed by ING Real Estate Finance in London - provides a GBP 325 million loan for the refinancing of MediaCityUK, a high quality mixed-use hub located on the banks of Manchester’s historic Ship Canal. While the site was designed around the specific needs of the creative and digital industries, it has also received attention for its approach to sustainability. MediaCityUK has gone above and beyond best practice requirements for environmental protection, and has embedded sustainable solutions into each stage of its development: design, construction, and operations.

Sustainable value creation

The estate has been awarded the world's first 'BREEAM Sustainable Communities' award and was certified with an 'Excellent' status for its detailed environmental planning. In 2013, Peel Media won the ‘Sustainability and Environmental Impact’ award from the British Institute of Facilities Management, in recognition of the steps taken to minimise the high environmental impact that is typically associated with facilities serving creative and digital industries.

“We believe that a truly sustainable community for MediaCityUK translates into a more robust asset value and better marketability of the real estate”, explains Stephen Wild, Managing Director of MediaCityUK.

Please click here for the full interview with the client and the deal team and learn why this deal is a land mark for both Peel Group and ING Real Estate Finance.