Sun Venture secures $455m loan to buy 71 Robinson Road

It will also be used for investments to improve its environmental footprint.

Sun Venture has secured a $455m green club loan for the acquisition of 71 Robinson Road and finance future investments to improve its environmental footprint, an announcement revealed.

Sun Venture said that it plans to improve its energy, water and waste footprints with the aim of achieving the higher-tiered Singapore Building and Construction Authority (BCA) Green Mark GoldPlus award at its next review.

The 15-storey office building at the corner of Robinson Road and McCallum Street has a BCA Green Mark Gold award which it received earlier this year.

Also read: Billion-dollar office deals buoy property investments in Q2

“We have been making a concerted effort to build an environment-friendly portfolio of assets and this will extend to 71 Robinson Road as well,” said Alvin Teo, managing director, Sun Venture.

Currently, 71 Robinson Road features NEWater used for its cooling towers; water efficient fittings; and used recycled materials in the construction of drains, road kerbs, ceiling boards, and partition walls. Environmentally-friendly green label materials were used for precast channel drains, road kerbs and wheel stoppers, false ceiling boards, dry walls and the pedestal system.

Upcoming improvements in the building reportedly include LED lighting, pre-cooled air handling units, and a new chiller plant management system.

OCBC served as the group’s green loan adviser, and facility agent and security agent, whilst DBS and OCBC acted as joint green loan mandated lead arrangers.

Also Read

Anti-money laundering bust affects shophouse sales

APAC Realty partners with Upper Room Realty for Philippine expansion

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit