The Loan – which will be compliant with all the Green Loan Principles 1 (“GLP”) – will soon be utilized to create Soilbuild’s 3rd Green Mark Platinum build-to-lease business area having a proposed floor that is gross of 1.1 million sq ft located in the vibrant Paya Lebar iPark precinct.
The deal marks Soilbuild’s very first utilization of green finance, underscoring the Group’s dedication to growing its portfolio 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, which will be 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.
While this could be the Group’s very very first loan that is green Soilbuild has very very long adopted sustainability as the functional building agenda since its very first Green Mark Platinum task, Solaris @ one-north, which had been finished in 2010.Continue reading