Kasada secures €19.4m financing for Senegal hospitality investment
Real estate private equity platform Kasada has secured €19.4 million in sustainability-linked financing.
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Real estate private equity platform Kasada has secured €19.4 million in sustainability-linked financing from Nedbank Corporate and Investment Banking to support the further development of the Mövenpick Resort Lamantin Saly, a hospitality project on Senegal's Petite Côte.
"Partnering with Nedbank on this transaction marks another key milestone in our sustainability journey," says Ram Lokan, partner, managing director at Kasada. "This financing enables us to further connect our investment in sustainability initiatives to our fundraising efforts and deliver impact in the communities where we operate. We are proud to be the leaders in sustainable hospitality development, which helps us drive growth while ensuring environmental stewardship."
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