Stamford Land takes A$265m loan to build Sydney project

Singapore STAMFORD Land Corporation on Friday announced that HSH Hotels (Australia) Ltd, as trustee for a trust that it wholly owns, has signed a loan agreement with a major commercial bank for a secured term loan facility of A$265 million (S$277 million).

This will be used to fund the construction of its Macquarie Park Village project, a residential mixed-use development at the corner of Herring and Epping Roads, Macquarie Park, in Sydney. It is to be built on the site where Stamford Grand North Ryde, a hotel property that…