OCBC Bank has provided the efficient loan of 117 thousand South Korean was the winner (S$132. 6 million) to M&G Real Estate Parts of asia to refinance an expense in Northgate, a green building in Seoul's middle business district, using the lender as the sole loan provider and green agent.
The loan is South Korea's very first green loan supporting the home industry, OCBC said in a statement on Feb 5th (Aug 21). It is in addition the bank's very first lasting finance transaction around the country.
The loan proceeds will be used to be able to refinance existing advances inside M&G Asia Property Finance, that have been extended for the particular investment around Northgate. The particular fund is managed by simply M&G Real estate property Asia.
Northgate is a high-rise place of work building with green characteristics, including rainwater recycling devices, water-efficient fixtures, LED lights in common areas, in addition to building automation systems to help control heating system, ventilation, air conditioning and light fittings. Environmentally-friendly materials are also used in the building's cleaning plus standard upkeep.
In 햇살론 , Northgate received the Command within Energy and Ecological Design for Existing Buildings Procedures and Preservation Gold score in the US Green Construction Council.
OCBC Bank mind of worldwide corporate banking Elaine Lam said the loan provider searching for to expand it is environmentally friendly finance stock portfolio for you to S$25 billion by 2025.
Stocks and shares of OCBC seemed to be along eight dollars or even 0. 9 per dollar to $8. 80 with an ex-dividend basis with the midday break on Friday.
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