The Loan – that will be compliant using the Green Loan Principles 1 (“GLP”) – is supposed to 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 use 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 fulfill the Building and Construction Authority’s Green Mark Platinum official official official certification standards, which will be the certification that is highest for green buildings 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 for the Green Loan.
Although this is the Group’s first green loan, Soilbuild has very very very long used sustainability as the functional building agenda since its first Green Mark Platinum project, Solaris @ one-north, which had been finished in 2010.
Mr Lim Han Qin, Director of Soilbuild Group Holdings said: “The upcoming Solaris @ Tai Seng is our third Green Mark Platinum building, showing our deep dedication towards adopting sustainability. We wish that the use regarding the green funding will further enunciate our commitment 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 market as being a ‘nice to have’ but this deal indicates that green finance is starting to become an imperative for most Singapore organizations. Continuer la lecture de « First Green Loan for Singapore Leading Industrial Developer »