Soilbuild Business Space Reit snags S$80m green loan
Add BT as a preferred source
Annabeth Leow
SOILBUILD Business Space Reit has secured a S$80 million green loan to refinance its Solaris@one-north project in Singapore's Fusionopolis district, the manager said on Friday night.
The loan from OCBC Bank and RHB Bank is the first green loan for Soilbuild Reit, which invests in business parks and industrial properties in Singapore and Australia.
The latest loan points to the Reit's capital management strategy of diversifying funding sources, Roy Teo, chief executive of the manager, said in a statement.
"It also supports our efforts in delivering long-term value to our stakeholders while creating a more sustainable future," he added.
Units closed flat on Friday at S$0.40, before the latest announcement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
