The Loan – that will be compliant utilizing the Green Loan Principles 1 (“GLP”) – is going to be utilized to create Soilbuild’s 3rd Green Mark Platinum build-to-lease business room with 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 very very first utilization 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 meet up with the Building and Construction Authority’s Green Mark Platinum official certification standards, that will be the certification that is highest 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 for the Green Loan.
While this could be the Group’s very very very first loan that is green Soilbuild has very very very long adopted sustainability as the operational 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 stated: “The upcoming Solaris @ Tai Seng is our third Green Mark Platinum building, showing our deep dedication towards adopting sustainability. We wish that the use associated with the financing that is green further enunciate our dedication in this aspect and encourage more industrialists to embrace green structures and sustainability.