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SoilBuild REIT Secures Maiden Green Loan

SoilBuild REIT Secures Maiden Green Loan

June 22, 2020 — Soilbuild Business Space REIT (“Soilbuild REIT” or “the REIT”) a SGX-listed Singapore real estate investment trust focusing on business spaces in Singapore and Australia, has obtained an AUD equivalent green loan of S$80 million from OCBC Bank and RHB Bank Berhad.

The proceeds from this maiden green loan will be used to refinance its iconic project Solaris@one-north, a business space complex that is part of the Fusionopolis cluster in Singapore.

This green loan was raised under the REIT’s newly established Green Finance Framework (“Framework”), which was developed together with OCBC Bank, as a Green Loan Advisor. The Framework was prepared in accordance with the relevant international principles and guidelines, including the Green Loan Principles.

Solaris@one-north incorporates a plethora of innovative features – a continuous spiral landscaped terrace that winds its way up to lush roof gardens, a green corridor with central courtyards, and a unique solar shaft that helps create a daylit, naturally ventilated atrium. The 15-storey multi- tenanted facility is also fitted with sun shading devices to reduce solar heat gain and rainwater harvesters to minimise water consumption.

Read more here..

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