S$619.3 million green loan facilities to a special purpose vehicle owned by GuocoLand Limited
Allen & Gledhill, as transaction counsel, advised United Overseas Bank Limited (“UOB”), Oversea-Chinese Banking Corporation Limited (“OCBC”), and Bank of China Limited, Singapore Branch (“BOC”), on the S$619.3 million green loan facilities (“Facilities”) to a special purpose vehicle owned by GuocoLand Limited (“GuocoLand”).
The Facilities, raised under GuocoLand’s Green Finance Framework, will be used to develop a 99-year leasehold land parcel at River Valley Green (Parcel B) into a high-end waterfront development featuring around 455 residential units across two towers, along with commercial shops on the first storey. When completed, the development at River Valley Green is expected to achieve the Building and Construction Authority’s Green Mark Platinum (Super Low Energy) certification with Maintainability Badge.
Advising UOB, OCBC, and BOC was Allen & Gledhill Partner Aloysius Ng.
