ARA, Chelsfield raise green loan for Singapore property

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By Pan Yue
11 Nov 2020

ARA Asset Management and property company Chelsfield have raised a S$385.8m ($286m) green loan to finance the acquisition and renovation of 5One Central, a commercial building in Singapore.

DBS and United Overseas Bank provided the financing.

ARA, an Asia Pacific focused real assets fund manager, and Chelsfield are planning to use the loan to add several green features to 5One Central, an 11-storey commercial building previously known as Manulife Centre. For example, vertical and horizontal ...

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