Stoneweg Europe Stapled Trust announced that its indirect subsidiary, Yova Haagse Poort B.V., has entered into a new secured green development facility of about 73 million Singapore dollars with ING Bank N.V.

The five-year loan will chiefly fund the major redevelopment and energy-efficiency upgrade of Haagse Poort, the trust’s largest asset in The Hague, the Netherlands. The facility is aligned with Green Loan Principles and is secured against the property and related assets.

Key terms include mandatory prepayment if there is a change of control in the borrower, the managers cease to manage the stapled trust, or the stapled trust no longer controls the borrower.

The managers said the financing strengthens the stapled trust’s capital structure and supports its proactive capital and asset management strategy.