The Loan – which will be compliant with all the Green Loan Principles 1 (“GLP”) – would 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 inside the vibrant Paya Lebar iPark precinct.
The deal marks Soilbuild’s 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 completion, the venture is anticipated to meet up the Building and Construction Authority’s Green Mark Platinum official official certification standards, which will be the certification that is highest for green structures in Singapore.
HSBC Singapore could 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 is the Group’s very first loan that is green Soilbuild has very long used sustainability as the functional building agenda since its very first Green Mark Platinum task, Solaris @ one-north, which had been finished in 2010.
Mr Lim Han Qin, Director of Soilbuild Group Holdings said: “The future Solaris @ Tai Seng is our third Green Mark Platinum building, showing our deep dedication towards adopting sustainability. We wish that the adoption associated with the green financing will further enunciate our dedication in this aspect and encourage more industrialists to embrace green structures and sustainability.