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London's new 'bike library' and a milestone for US renewables: The sustainability success stories of the week edie.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edie.net Daily Mail and Mail on Sunday newspapers.
CDL and MCL Land secure $847m green loan package to build 1,000+ sustainable homes edie.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from edie.net Daily Mail and Mail on Sunday newspapers.
Mingtiandi Username 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. ....
Singapore Developer Refinances Mall With Green Loan Nex (Image: Gold Ridge) Singapore Developer Refinances Mall With Green Loan );} Nex s green building rating was recently upgraded to BCA Green Mark Gold Plus, following improvements to its recycling program, chiller system, green procurement policy, and water management system. Gold Ridge will be refinancing Nex shopping mall, which it owns, using a S$900 million ($669 million) green loan jointly issued by DBS, UOB and OCBC, according to a joint statement on Tuesday. The green loan – Gold Ridge s first – was raised under a framework established by PGIM Real Estate, the asset manager of NEX, Gold Ridge shareholders, and the banks, which acted as joint advisors. ....