SINGAPORE - The national joint venture between Malaysia and Singapore, M+S Pte Ltd, has obtained a $1.95 billion green loan for its sustainable asset Marina One from DBS, OCBC Bank and United Overseas Bank .
The proceeds of the green loan will partially finance Marina One's office and retail components, which are valued at about S$5 billion. The residential component is not part of the green loan package. M+S on Monday also said that to date, over 80 per cent of the 1,042 luxury residences have been sold at the development's two premium residential towers, named Marina One Residences.
Innovative technologies are also used to conserve energy and boost efficiency, such as the recycling of heat and power, rainwater harvesting, energy-saving building management systems, and high-performance solar glazing. DBS Bank's managing director and head of government-linked corporations, Ang Teck Wee, noted that now more than ever, companies need to reassess how they are creating value for society as the world"deals with some of the pressing challenges of our time".
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Source: BusinessTimes - 🏆 15. / 51 Read more »
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