In response to queries by The Edge Singapore, StorHub says the two KPIs involve reducing “occupancy-adjusted electricity consumption intensity” and obtaining green building certification for a number of its properties.
StorHub Self Storage Group (StorHub) has secured a $180 million sustainability-linked loan (SLL) from CIMB and United Overseas Bank (SGX:U11
) (UOB).
The loan features a sustainability-linked margin adjustment, tied to two Key Performance Indicators (KPIs) of the environmental performance of StorHub’s 13 properties in Singapore, says the company on Sept 25.
