Brookfield secures green loan in Perth as Asian market expands

CANADA'S largest alternative asset manager has secured a green loan for commercial towers in Australia, adding to signs that the market for such fundraising in the Asia-Pacific region is catching up with elsewhere in the world.

Brookfield Properties, a subsidiary of Brookfield Asset Management, got the A$880 million loan to refinance facilities that were used for the two energy-efficient office towers in Perth in Western Australia.Market voices on: The Asia-Pacific region has had about US$122 million of green loans signed this year, close to half of the US$247 million figure globally and already outpacing growth in the Americas.The loan is for Brookfield Place Perth Tower 1 and Tower 2. The buildings are home to top-tier tenants including mining giant BHP Group, telecom heavyweight Telstra and conglomerate Wesfarmers.

Brookfield Properties owns the towers, which meet the Climate Bond Initiative certification criteria relating to commercial low-carbon buildings - for features such as energy-efficient heating, ventilation and air conditioning, high-performance glazing and lighting, and water systems designed to improve usage.Elsewhere in Asia, China's Xinjiang Goldwind is marketing its debut green loan of US$475 million.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MBS returns to loan marketSINGAPORE casino operator Marina Bay Sands (MBS) has returned to the loan market for a financing of up to S$8 billion, in the biggest test so far of lenders' appetite for the gaming sector in the Lion City. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

All eyes on Fed as stock market pines for rate cutThe Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

71 Robinson Road quietly put on the marketSTEALTH marketing is going on at 71 Robinson Road, which was last transacted in April 2008 at a then-record price of S$3,125 per square foot. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Perdue Foods enters crowded plant-based alternative meat marketPerdue Foods, one of America's largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »