On Nov 26, United Overseas Bank announced that UOB and HSBC acted as green loan coordinators on club loan facilities of HK$1.85 billion to a Gaw Capital Partners-led consortium. These facilities comprise a US$110 million offshore loan and a RMB837 million onshore loan. Maybank, BNP Paribas and KGI also participated in the club deal.

The loan proceeds will be used to refinance the existing loans for the Gaw Consortium’s acquisition of four premium office buildings  at Shanghai MixC, a set of quadruplet eight-storey buildings in Minhang District, Shanghai, China. The buildings have received the LEED v4 Building Operations and Maintenance: Existing Buildings Gold certification  from the US Green Building Council for their environmentally-friendly features. The features include LED lights for the office lobby, control measures at elevators to conserve energy, environmentally-friendly architectural paints sourced in local market to reduce transport emissions, as well as garbage classification for better waste management.

The loan facilities support the Consortium’s continued efforts in implementing its sustainability strategy to improve environmental performance and to contribute to the United Nations’ Sustainability Development Goals.

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