The manager of Keppel REIT has announced that the REIT has obtained a total of A$300 million ($297.5 million) in green loans from United Overseas Bank (UOB) and BNP Paribas.

The loans, which follow the $655 million in green loan facilities procured by Keppel REIT in 2019, will partially be used towards the funding of the acquisition of Pinnacle Office Park in Sydney.

The acquisition of the park is expected to be completed by 4Q2020.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook