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Business deals

Singapore-based Keppel REIT in $110m green loan from OCBC

Listed landlord plans to expand its environmentally friendly building portfolio

Keppel REIT is one of Asia's leading real estate investment trusts with a portfolio of Grade-A commercial assets in such cities as Singapore, Sydney and Seoul.   © Reuters

CEBU, Philippines -- Singapore-listed Keppel REIT has obtained an unsecured S$150 million ($110 million) green loan facility from Oversea-Chinese Banking Corp., its second such facility this year, to grow its green building portfolio.

In a disclosure to the Singapore Exchange, Keppel REIT's manager said the green loan facility can be utilized to finance or refinance eligible green projects, among others. The loan was obtained by its subsidiary, Keppel REIT Fin Company (KRFC).

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