, Australia
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Photo courtesy of DBS.

DBS provides S$180m green loan to refinance Melbourne office tower

The 17-level building in Collins Street is wholly owned by public sector pension fund KWAP.

DBS has provided a S$180m (A$207m or approximately US$134m) green loan to Malaysia’s public sector pension fund KWAP, for the refinancing of a Grade A green office tower in Australia.

The 17-level office building in Collins Street, Melbourne is wholly owned by KWAP. It holds a 6-star NABERS energy rating, reportedly the highest rating for building energy efficiency in Australia.

ALSO READ: DBS net profit up 18%; 48 cents interim dividend announced

DBS made use of its Sustainable and Transition Finance Framework and Taxonomy, launched in 2020. Loan provisions are reportedly in line with the internationally- recognized Green Loan Principles.

TrustCapital Advisors Investment Management is KWAP's investment manager for this green loan.

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