Frasers Property secures $350m green loan

This will be Singapore’s first green loan for executive condo development.

Frasers Property Limited has secured a $350m green loan through its subsidiary, Fernvale Lane, according to an announcement. This is under the LMA/APLMA Green Loan Principles to finance its Fernvale Lane Executive Condominium development.

This will be Singapore’s first green loan for an executive condominium (EC) development, and the group’s 10th green financing initiative.

The group raised its first green financing, which was also Singapore’s and Southeast Asia’s first syndicated green loan, in September 2018 for the refinancing of Frasers Tower. The group subsequently secured the first corporate syndicated green loan in Australia, as well as Singapore’s first green loan, with pricing structure linked to BCA Green Mark.

“Including this latest green loan, as a group, we have raised around $4b in green financing to date,” according to Loo Choo Leong, group chief financial officer of Frasers Property.

Fernvale Lane is 80% held by a wholly-owned subsidiary of Frasers Property and 20% held by CSC Land Group (Singapore). Fernvale Lane will develop an EC with approximately 500 units at the Fernvale Lane site. Upon completion, the development is targeted to obtain BCA Green Mark GoldPLUS.

The site is said to have attractive locational attributes, including its proximity to amenities, the Seletar Aerospace Hub and the upcoming Punggol Digital District, on top of easy access to the CTE and key transportation nodes.

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit