- 18.02.2013, 10:58:11
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- OTE0004
KfW IPEX-Bank finances 'green' Logistics Centre of REWE Group in Neu-Isenburg, Germany
Frankfurt am Main (ots) -
- Funds to come from KfW Energy Efficiency Programme - Lower carbon emissions to benefit the environment
KfW IPEX-Bank is providing the food retailer REWE Group with a EUR
125 million loan from the KfW Energy Efficiency Programme to build a
new environment-friendly logistics centre in Neu-Isenburg south of
Frankfurt.
With this loan KfW IPEX-Bank is again supporting a strategically
important logistics project of REWE Group. The investment is a
cornerstone of the group's environmental management programme to
achieve significant carbon reductions. The central location of the
new warehouse and resulting transport route optimisation, as well as
the high energy efficiency of the actual building with its automated
logistics facilities, will help minimise environmental impacts. The
modern building will meet the latest construction, engineering and
technical standards and will achieve energy savings of more than 30%
com-pared to conventional buildings.
Slated for completion in 2014, the new warehouse will deliver dry
food and non-food items to food markets across Germany.
"We especially support projects that benefit the environment and the
climate. The tailor-made financing solution for our long-standing
customer is our way of assisting REWE Group with its consistent,
environmentally responsible logistics reorganisation," said Markus
Scheer, member of the Management Board of KfW IPEX-Bank, at the
signing of the loan agreement. REWE Group is one of Germany's and
Europe's leading trade and tourism groups and has more than 323,000
employees.
Pictures of the project are available on the homepage of KfW
IPEX-Bank in the press section under "press material".
About KfW IPEX-Bank
Within KfW Bankengruppe, KfW IPEX-Bank GmbH is in charge of
international project and export finance. Its function of providing
financing to support the German and European economy is derived from
the legal mandate of KfW Bankengruppe. Its prime focus is on medium
and long-term lending to support the export economy and develop
economic and social infrastructure, and for environmental and climate
protection projects. It operates as a legally independent group
subsidiary and contributes significantly to the promotional mission
of KfW Bankengruppe. It has around 590 employees and is represented
in the key economic and financial centres around the globe.
ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EUN






