DBS provides S$180m green loan to refinance Melbourne office tower
The 17-level building in Collins Street is wholly owned by public sector pension fund KWAP.
DBS has provided a S$180m (A$207m or approximately US$134m) green loan to Malaysia’s public sector pension fund KWAP, for the refinancing of a Grade A green office tower in Australia.
The 17-level office building in Collins Street, Melbourne is wholly owned by KWAP. It holds a 6-star NABERS energy rating, reportedly the highest rating for building energy efficiency in Australia.
DBS made use of its Sustainable and Transition Finance Framework and Taxonomy, launched in 2020. Loan provisions are reportedly in line with the internationally- recognized Green Loan Principles.
TrustCapital Advisors Investment Management is KWAP's investment manager for this green loan.