PRIVATELY-HELD Evia Real Estate Management and listed Metro Holdings have secured a $296.3 million four-year green loan to finance partially their 50:50 acquisition of a pair of Grade-A eco-friendly office towers, 7 & 9 Tampines Grande Singapore.
The green loan was granted to an Evia-managed investment company and its partner Metro Holdings. Evia’s co-investors include Malaysia-listed property developer Amcorp Properties, it said on Tuesday. Leslie Lim, Evia’s managing partner, said: “Our aim is to partner major financial institutions to co-invest in bigger projects. More than pure financial returns, our focus is on the environment and sustainability.”
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