SINGAPORE (June 20): Keppel Land, through a wholly-owned subsidiary of Keppel Land China, has secured its first green loan facility of RMB 850 million ($170 million) from the HSBC Group China for the first phase of development of Seasons City in the Sino-Singapore Tianjin Eco-City.

This is the first green loan granted by the HSBC Group China to support the development of a property project in Mainland China, says Keppel Land, the property arm of Keppel Corp, in a Thursday filing after the market closed.

Seasons City is part of Keppel Land’s growing commercial portfolio in China to meet the rising demand for prime office and retail space. It will feature three office towers and retail premises with a total gross floor area of about 161,800 sqm. Phase 1 of Seasons City, which comprises a five-storey retail complex and a 10-storey office tower, is targeted for completion in 2020.

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)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook