First Green Bond backed by a real estate development oversubscribed in a few hours

Capvest innovates in structured finance by collaborating with the participative loan platform Foxstone.

Thus, on the basis of our project of 20 villas in La Tour-de-Peilz, of which 18 villas have already been sold, Foxstone structured a CHF 1.8 million participative loan in the form of a bond issue, which was oversubscribed by CHF 5 million in 24 hours.

This bond issue is the first green bond backed by a real estate development that meets very specific sustainable development criteria. For example, the villas meet the criteria of high energy performance with peripheral insulation, triple glazing, wooden windows, low temperature heating, and photovoltaic panels, but above all a remote heating system using lake water with intelligent control of energy consumption.

In addition, all the exterior landscaping integrates the concept of biodiversity with native trees, extensive meadows, living hedges and three areas of collective vegetable gardens that can be used by the residents.

This project is an integral part of Capvest’s pro-active and assumed approach to the development of responsible property projects which respond in a concrete and pragmatic way to the expectations of purchasers in terms of sustainable development.

The speed with which the bonds were taken out shows the appetite of people in French-speaking Switzerland for more sustainable investments in property.