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Keppel REIT obtains A$300 mil in green loans from UOB and BNP Paribas

Felicia Tan
Felicia Tan • 2 min read
Keppel REIT obtains A$300 mil in green loans from UOB and BNP Paribas
Part of the loans will be used to fund the acquisition of Pinnacle Office Park in Sydney.
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The manager of Keppel REIT has announced that the REIT has obtained a total of A$300 million ($297.5 million) in green loans from United Overseas Bank (UOB) and BNP Paribas.

The loans, which follow the $655 million in green loan facilities procured by Keppel REIT in 2019, will partially be used towards the funding of the acquisition of Pinnacle Office Park in Sydney.

The acquisition of the park is expected to be completed by 4Q2020.

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