First Green Loan for Singapore Leading Industrial Developer

First Green Loan for Singapore Leading Industrial Developer

The Loan – that will be compliant utilizing the Green Loan Principles 1 (“GLP”) – may be used to create Soilbuild’s third Green Mark Platinum build-to-lease business room with a proposed gross flooring area of 1.1 million sq ft located in the vibrant Paya Lebar iPark precinct.

The deal marks Soilbuild’s very very first use of green finance, underscoring the Group’s dedication to growing its profile of properties in a way which guarantees a sustainable future. On conclusion, the venture is anticipated to fulfill the Building and Construction Authority’s Green Mark Platinum official official certification standards, that 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 when it comes to Green Loan.

While this may be 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 ended up being finished in 2010.

Mr Lim Han Qin, Director of Soilbuild Group Holdings stated: “The future Solaris @ Tai Seng is our third Green Mark Platinum building, showing our deep dedication towards embracing sustainability. Continue reading First Green Loan for Singapore Leading Industrial Developer