EIB and Gmp join forces to promote investment in sustainable buildings in Madrid.
The EU bank is providing Gmp with a €28 million loan to develop near zero energy buildings and refurbishment works to improve energy efficiency.
Employment impact: 280 jobs will be created during the construction phase. Energy savings: almost 3 420 MWh/year. The European Investment Bank (EIB) and GMP PROPERTY SOCIMI (Gmp), one of Spain’s biggest real estate groups, are set to finance green investments in Madrid, reducing energy consumption and CO2 emissions in office buildings. To this end, the EU bank will provide the Spanish company with €28 million in financing for the development of near zero energy buildings (NZEBs) and for refurbishments works aimed at improving energy efficiency. The operation is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.