Standard Chartered Bank (Hong Kong) Limited and UOB have teamed up to provide a HK$5.29 billion green loan to a Gaw Capital Partners-led consortium to support its acquisition of Cityplaza One in Hong Kong.
Cityplaza One currently holds a Platinum Green Building Certification under the BEAM Plus assessment scheme which is recognized and accredited by the Hong Kong Green Building Council Limited. The platinum certification is the highest possible rating based on a basket of criteria including water efficiency and waste management. It recognizes buildings with sustainability incorporated into their design and operation, and which contribute positively to Hong Kong’s emission intensity reduction goals.
SCBHK and UOB acted as joint mandated lead arrangers and joint bookrunners for the green loan facility to the Gaw Capital Partners-led consortium. SCBHK also acted as the sole green loan coordinator. The loan also supports Gaw Capital’s continued efforts in implementing its sustainable strategy in line with the United Nations’ Sustainability Development Goals.