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A PGIM, CIC and NTUC joint venture has just completed an upgrade of Singapore’s Nex mall
Two separate deals announced on Tuesday highlight the rising popularity of green loans in Singapore’s property market as developers and asset owners leverage financing opportunities to create more efficient facilities.
Gold Ridge, the owner and developer of NEX shopping mall, said it secured a S$900 million ($669.3 million) green loan for refinancing the retail destination in northeastern Singapore. Warehouse specialist Logos, meanwhile, obtained a S$48 million green loan for its Food21 production and logistics facility on the western end of the island.