>

>

Frasers Property secures fourth sustainability-linked loan for Australia business

By Atiqah Mokhtar

/ EdgeProp Singapore |

May 30, 2022 4:26 PM SGT

Artist's impression of Central Place Sydney, an office development in the Sydney CBD that is a joint venture project between Frasers Property Australia and Dexus (Picture: Fraser's Property)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Frasers Property Australia (FPA), the Australian arm of Singapore-listed Frasers Property, has secured a A$600 million ($588 million) sustainability-linked loan. The five-year loan is made up of a A$300 million term loan which will be used to refinance a maturing loan as well as a A$300 million revolving credit facility that will be used for general corporate purposes.

Read also: Frasers Property Australia wins government build-to-rent project in Brisbane

This is the fourth green financing secured by Frasers Property’s Australia business. “We are encouraged by the credit market’s recognition of our Australia business’s strong sustainability credentials and the group’s financial strength,” remarks Loo Choo Leong, group CFO of Frasers Property, in a May 30 press release.

Frasers Property plans to finance the majority of its sustainable asset portfolio by 2024 with green of sustainable financing. “We are pleased with our progress thus far, having secured over $8 billion of green or sustainable financing across the group since our first green loan in September 2018,” Loo adds.

Frasers Property’s operations in Australia are certified carbon neutral under the Australian Government’s Climate Active Carbon Neutral Standard. FPA has set a net-zero carbon target in development and operation by 2028.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

World’s largest Mercure Hotel opens on Club Street

5

Luxury living in the new heart of Bukit Timah

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00