The Loan – that will be compliant using the Green Loan Principles 1 (“GLP”) – are going to be utilized to create Soilbuild’s third Green Mark Platinum build-to-lease business room having a proposed gross flooring area of 1.1 million sq ft located inside the vibrant Paya Lebar iPark precinct.
The transaction marks Soilbuild’s very very first utilization of green finance, underscoring the Group’s dedication to growing its profile of properties in a way which guarantees a future that is sustainable. On conclusion, the venture is anticipated to satisfy the Building and Construction Authority’s Green Mark Platinum certification standards, that is the certification that is highest for green structures in Singapore.
HSBC Singapore could be the Sole Green Structuring Arranger for Soilbuild’s Green Finance Framework while HSBC Singapore and OCBC Bank acted as joint Mandated Lead Arrangers when it comes to Green Loan.
Although this is the Group’s very first loan that is green Soilbuild has very long used sustainability as the functional building agenda since its very very first Green Mark Platinum task, Solaris @ one-north, which had been finished in 2010. Continue reading “First Green Loan for Singapore Leading Industrial Developer”