It will be used to acquire the property 1111 King’s Road in Hong Kong.
Standard Chartered Bank (Hong Kong) and UOB have teamed up to provide a $5.29b (US$ 680m) green loan to a consortium led by Gaw Capital Partners for the acquisition of 1111 King’s Road in Hong Kong.
SCBHK and UOB acted as joint mandated lead arrangers and joint bookrunners for the green loan facility to the consortium.
Previously named Cityplaza One, 1111 King’s Road holds a Platinum Green Building Certification under the BEAM Plus assessment scheme, which is recognized and accredited by the Hong Kong Green Building Council. This is the highest possible rating based on a basket of criteria, including water efficiency and waste management, according to a press announcement by UOB.
Accordingly, the certification “recognises buildings with sustainability incorporated into their design and operation, and which contribute positively to Hong Kong’s emission intensity reduction goals.”
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