OCBC makes first property efficient loan in South Korea

OCBC Bank has provided a new green loan of 114 billion dollars South Korean won (S$132. 6 million) for you to M&G Real Estate Parts of asia to refinance an expense in Northgate, a natural building in Seoul's main business district, together with the lender as the sole provider and green agent.

The loan is South Korea's first green loan supporting the house field, OCBC said inside a good statement on Feb 5th (Aug 21). It is definitely furthermore the bank's very first environmentally friendly finance transaction within the country.

햇살론 대출 remains will be used to help refinance existing advances within M&G Asia Property Deposit, which were extended for typically the investment inside Northgate. The particular fund is usually managed simply by M&G Real estate property Asia.


Northgate is a high-rise place of work building with green capabilities, as well as rainwater recycling programs, water-efficient fixtures, LED lighting in common areas, in addition to making automation systems to control heat, ventilation, surroundings conditioning and light fittings. Environmentally-friendly materials are also applied from the building's cleaning and common upkeep.

In 2016, Northgate received the Leadership within Energy and Environmental Design for Existing Buildings Businesses in addition to Maintenance Gold score from your US Green Developing Council.

OCBC Bank mind of global corporate banking Elaine Lam said the financial institution searching for to grow it has the eco friendly finance collection to help S$25 billion by simply 2025.

Shares of OCBC has been along eight pence as well as zero. 9 per dollar to $8. 80 in an ex-dividend time frame from the midday break upon Friday.

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