Israeli real estate developer AFI Europe has contracted a loan of up to EUR 120 million from the European Bank for Reconstruction and Development to expand its portfolio of residential and commercial properties in Romania, Serbia, Poland, and the Czech Republic. All buildings financed by the loan will achieve high-level sustainability certifications, contributing to the EBRD’s Green Economy Transition approach. AFI has also committed, with EBRD support, to implement a Corporate Climate Governance Action Plan, ensuring alignment with the upcoming EU Directive on Corporate Sustainability Reporting and strengthening its long-term environmental, social and governance strategy. “This financing underlines our commitment to promoting sustainable development, preparing companies for evolving regulatory frameworks and upholding high environmental standards in the real estate sector. By integrating strong climate governance and high-level green certifications, we are strengthening the resilience of the market and accelerating the transition to a low-carbon economy,” says Vlaho Kojakovic, Head of Real Estate at the EBRD.