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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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.
The green loan was granted to an Evia-managed investment company and its partner Metr…
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