BAVARIA SOCIAL AND ENERGY EFFICIENT HOUSING

Promoter – Financial Intermediary

DAWONIA REAL ESTATE GMBH & CO KG

Location

• Germany

Description

Financing of the Promoter's investment into highly energy efficient new buildings and social housing mainly located in Bavaria, Germany.

Objectives

Financing of the Promoter's investment into nearly zero-energy buildings (NZEBs) and social housing mainly located in Bavaria, Germany.

Sector(s)

• Services - Real estate activities

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 338 million

Environmental aspects

This operation intends to bring environmental benefits by supporting investments in energy efficient new residential buildings and building renovation that will result in a decrease of the total energy consumption and an increase the use of renewable energies and thus help to mitigate climate change. Given the scale, location and nature of the individual schemes in built-up urban areas, environmental impact assessments (EIAs), as defined under the EIA Directive 2014/52/EU amending 2011/92/EU, will generally not be required. The Bank will assess the Promoter's capacity and procedures to ensure compliance with national and European regulations.

Procurement

The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation, then the Bank would require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation.

Status

Signed - 16/12/2020