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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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Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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