First Green Loan for Singapore Leading Industrial Developer

First Green Loan for Singapore Leading Industrial Developer

The Loan – which will be compliant utilizing the Green Loan Principles 1 (“GLP”) – will soon be utilized to create Soilbuild’s 3rd Green Mark Platinum build-to-lease business area by having 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 first utilization 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 satisfy the Building and Construction Authority’s Green Mark Platinum official official certification standards, that will be the greatest official certification for green structures in Singapore.

HSBC Singapore may 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 is the Group’s very very first green loan, 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.

Mr Lim Han Qin, Director of Soilbuild Group Holdings said: “The future Solaris @ Tai Seng is our third Green Mark Platinum building, reflecting our deep dedication towards adopting sustainability. We wish that the use of this financing that is green further enunciate our dedication in this aspect and encourage more industrialists to embrace green structures and sustainability. ”

Mr Gary Tan, Head of ASEAN Commercial property, HSBC Singapore: “Being sustainable has historically been considered in the industry being a ‘nice to have’ but this deal indicates that green finance is starting to become an imperative for all Singapore organizations. 자세히 보기