The Loan – that will be compliant because of the Green Loan Principles 1 (“GLP”) – will soon be utilized to create Soilbuild’s 3rd Green Mark Platinum build-to-lease business room by having a proposed floor that is gross of 1.1 million sq ft located inside the vibrant Paya Lebar iPark precinct.
The deal marks Soilbuild’s very very first utilization of green finance, underscoring the Group’s dedication to growing its profile of properties in a fashion which guarantees a sustainable future. On conclusion, the venture is anticipated to satisfy the Building and Construction Authority’s Green Mark Platinum official 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 for the Green Loan. Read More