ING backs £170m Green Transformation of 40 Holborn Viaduct

ING, acting as Bookrunner and Mandated Lead Arranger, has underwritten a £170 million green loan to support the transformation of 40 Holborn Viaduct into one of London’s most sustainable office buildings.  

The redevelopment, led by Nuveen Real Estate, will convert the property from a traditional brown building into a cutting-edge green workspace designed to meet the highest environmental standards. 

This landmark project reflects a shared commitment to sustainability and innovation in urban development.  

Jennie Norman, Director, ING Real Estate said: 

“Supporting our clients in delivering projects that advance ESG objectives is at the heart of our strategy. This financing demonstrates ING’s dedication to enabling developments that contribute to a more sustainable future.”  

Once complete, 40 Holborn Viaduct will set a benchmark for energy-efficient, future-proof office space in the capital, incorporating advanced technologies and design principles to reduce carbon emissions, optimise energy use and enhance occupant well-being. 

Adam Shelley, Director DCM, Nuveen Real Estate said: 

“The support from ING, as a valued lending partner and arranger across the Nuveen Real Estate platform, will enable CityHold Office Partnership to complete this innovatively designed and speculative office development project via a green loan. This £170m loan offers the borrower the flexibility to focus on developing and delivering a best-in-class, future-proof office asset.”