OUE C-REIT acquires first sustainability-linked loan at $540m

The loan targets to improve Singapore's and Shanghai's energy, water efficiency.

OUE C-REIT has obtained its first sustainability-linked loan worth $540m.

This comes from a consortium of five lenders that include OCBC Bank, which also acted as a sustainability advisor for the transaction.

Targets of the loan include the improvement of energy and water efficiencies in relation to the commercial portfolio in Singapore and Shanghai. Also included are interest rate reductions linked to predetermined sustainability performance targets. 

This, in turn, would allow OUE C-REIT to enjoy savings in interest costs. 

Proceeds from the loan will go towards refinancing existing borrowings and general working capital requirements.

CEO and Executive Director Tan Shu Lin of OUE C-REIT, spoke about how this step is in support of sustainable development.

“We are pleased to secure our first sustainability-linked loan which supports our ongoing efforts to drive the sustainability performance of OUE Commercial REIT. The new loan is a step towards integrating sustainable practices into our operations beyond just managing the environmental impact of OUE Commercial REIT’s properties. We remain committed to our sustainability goals with the aim of translating our sustainability efforts into positive results to deliver long-term growth and value for Unitholders.”

Follow the link for more news on

Join Singapore Business Review community
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!


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.