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Suntec Reit unit obtains A$450m green loan

Fresh property news selection on March 20. 2020, Friday.

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The trustee of Suntec Real Estate Investment Trust’s (Suntec Reit) wholly-owned Australian subsidiary has taken out a A$450 million (S$378.9 million) green loan.

It will be used to refinance existing borrowings, finance or refinance acquisitions and/or investments and/or for general working capital purposes, Suntec Reit’s manager said in a bourse filing on Thursday evening.

In Australia, the real estate investment trust holds the entire interest in a commercial building in Sydney, a half stake in Melbourne integrated development Southgate Complex, a half stake in a commercial building to be developed on Collins Street in Melbourne, and a 100 per cent interest in a commercial building in Adelaide.

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