STONEWATER SOCIAL HOUSING (EIB-20160563)

Countries
  • United Kingdom
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
STONEWATER LTD
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 124.73 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 116 million
Converted using 2017-01-25 exchange rate.
Loan Amount (USD)
$ 124.73 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 116 million
Converted using 2017-01-25 exchange rate.
Project Cost (USD)
$ 497.84 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 463 million
Converted using 2017-01-25 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Feb 16, 2018

Disclosed by Bank Jan 25, 2017


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Project Description

According to EIB website, this project involves funding for the retrofitting of existing and construction of new social and affordable housing properties in the UK in the period 2016-2020. It comprises a programme of investments in social and affordable housing by the promoter, entailing a mix of new-build construction and retrofitting of existing building stock. The investments will be located primarily in the southeast, southwest and central regions of England. 

For this project, compliance with the relevant EU directives in terms of environmental and social aspect will be verified during appraisal. 

 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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