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Developer Evia, Metro take S$296m green loan for Tampines office towers
The four-year loan will be used to finance partially their 50:50 acquisition of a pair of Grade-A eco-friendly office towers, 7 & 9 Tampines Grande Singapore
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Fiona Lam
Published Tue, Jun 4, 2019 · 09:50 PM
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Singapore
PRIVATELY-HELD Evia Real Estate Management and mainboard-listed Metro Holdings have secured a S$296.3 million four-year green loan to finance partially their 50:50 acquisition of a pair of Grade-A eco-friendly office towers, 7 & 9 Tampines Grande Singapore.
This is the first green debt instrument secured by the Singapore-based property developer and institutional fund manager.
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