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A Unicredit green minibond for the South Tyrolean Olm Nature Escape

By Thursday, 29 December 2022 13:08

Located in the heart of South Tyrol, near Campo Tures, the Olm Nature Escape will be the name of the new green hotel project launched by the Carron holding company, which heads the real estate company Carron Bau.

Unicredit’s first green minibond in Europe

The 12 million project was initially underwritten by UniCredit was a Green minibond for €3 million. The transaction, with a duration of 60 months and verified by Cerved is the first in three tranches of the bank’s first green minibond in Italy. The second, for a further €2 million will be issued by UniCredit in 2023. Completion is scheduled for the winter of 2023.

The hotel will have 25 units with private spas

The hotel will be a model of hospitality with 42 units, 25 of which will have private spas, and a series of integrated services like signature restaurants with an on-demand format. A geothermal plant will heat the entire structure, while a photovoltaic system will provide the energy. The 2-storey circular building is open on one side and the courtyard will be a natural area with an orchard and a water feature.  Olm in South Tyrolean dialect means alpine pasture and meadow, but it can also refer to the infinity of time.  

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