Pro-invest Group recipient of Aareal Bank’s largest green hotel portfolio loan in Asia-Pacific - Seite 2

Ronald Stephen Barrott, Founder and Chair of Pro-invest Group, added, “Our partnership with Aareal Bank is based on a shared commitment to pioneering sustainability in the real estate and hospitality sectors. It is a testament to how strategic financing solutions can align seamlessly with the environmental goals of forward-thinking organisations like ours. Through Aareal Bank's Green Finance Framework, we've been able to make considerable advancements in energy efficiency and reduce the environmental footprint of our properties, setting new benchmarks in sustainability. Our achievements within this framework underscore our collective progress towards transforming the built environment for the better.”

The financing agreement according to the framework established at Aareal Bank is subject to specific qualitative and quantitative environmental criteria. It contains associated covenants to which Pro-invest as the borrower has committed, and which are reviewed on a regular basis. Several design and development initiatives have been incorporated into each of the hotels to significantly reduce energy and water consumption. The energy efficient initiatives range from sustainably produced and energy-efficient equipment, to smart light- and air-conditioning management, occupancy sensors, and solar panel installation. These efforts, when deployed at Holiday Inn Express Melbourne Southbank were designed to successfully help the hotel achieve 5-stars, up 0.5-stars from its initial base design.

As Aareal Bank and Pro-invest Group continue to expand their green financing efforts, this milestone represents a significant contribution to the promotion of sustainable development and social change within the hospitality industry and beyond.

Pro-invest Group's investment strategy is rooted in impact-driven principles, with ESG considerations central to its operations and woven throughout the investment process, asset development, management, and guest experience. Embodying the ethos 'One Earth, Countless Experiences’, Pro-invest's commitment to sustainability and governance has been fundamental - shaping its approach and underscoring the link between sustainable practices, strong governance, and financial returns.