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.
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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.