The group has participated in GRESB assessment from 2015, with all listed and non-listed business units of Frasers Property participating annually for targeted sector benchmarking since 2021.
Frasers Property (SGX:TQ5
) announced on July 9 that it had obtained a five-year sustainability-linked loan (SLL). The syndicated term loan facility comprises two tranches — an A$407 million loan and a US$407 million loan, amounting to approximately $904 million equivalent. Proceeds from the SLL will be used to refinance existing loans and for working capital and other general corporate purposes.
A key feature of the SLL is its price reduction structure pegged to the group’s GRESB performance, which enables the group to enjoy savings in borrowing costs if prespecified GRESB performance targets are met. GRESB provides validated environmental, social and governance (ESG) performance data annually on real estate assets and portfolios.
