The five-year secured green loan falls under UOB’s sustainable finance framework for green building developers and owners and represents the third green loan Boustead has secured from UOB.
Mainboard-listed Boustead Singapore (SGX:F9D
) has secured a green loan of approximately $156 million from UOB for the ongoing redevelopment of its logistics warehouse at 36 Tuas Road.
According to an Oct 17 release, the property is Singapore's first logistics warehouse and the first building in the industrial real estate sector to attain both the Green Mark Platinum Super Low Energy and five badges awarded by the Building & Construction Authority (BCA), under the updated BCA Green Mark 2021. The five badges include: intelligence, health and wellbeing, resilience, maintenance and whole life carbon.
