The manager of CapitaLand China Trust (CLCT) says it has secured its maiden sustainability-linked loan of $150 million from UOB on Sept 30.

The move makes CLCT the first Singapore-listed real estate investment trust (REIT) to secure a loan linked to the sustainability performance of a China portfolio.

CLCT is Singapore’s largest multi-asset China-focused REIT by market capitalisation and property loan. Its portfolio comprises 11 shopping malls and five business park properties with a gross floor area of around 1.7 million square metres.

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