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Standard Chartered, UOB
Standard Chartered Bank (Hong Kong) and United Overseas Bank have teamed up to provide an HK$5.29 billion ($682 million) green loan to a consortium seeking to buy a major building in Hong Kong.
The loan has been granted to a Gaw Capital Partners-led consortium to support its acquisition of 1111 King’s Road (previously named as Cityplaza One), the banks said in a statement. SCBHK and UOB acted as joint mandated lead arrangers and joint book-runners for the loan.
The building holds a Platinum Green Building Certification under the BEAM Plus assessment scheme which is recognised and accredited by the Hong Kong Green Building Council. The platinum certification is the highest possible rating based on a basket of criteria including water efficiency and waste management. It recognises buildings with sustainability incorporated into their design and operation, and which contribute positively to Hong Kong’s emission intensity reduction goals.