According to the group, the sustainability-linked loan further strengthens ESR’s commitment in environmental, social and governance (ESG) following the recent completion of the acquisition of ARA Asset Management.
ESR Cayman, the sponsor of SGX-listed ESR-REIT, has secured a sustainability-linked loan of 28 billion yen ($329.3 million) on Jan 30.
The loan also comes with an option to upsize it to 35 billion yen.
