Green financing takes off in commercial property

Green loans have taken off in the Australian commercial property market with industry leaders such as Charter Hall, Investa, Frasers Property Australia and Brookfield financing billions in developments through sustainability-linked financing.But there’s still a long way to go.

These include Charter Hall confirming a further $1 billion in sustainability-linked loans and Frasers Property Australia securing $600 million in green debt, while late last year Brookfield Asset Management closed $970 million of sustainable financing. Its developments are also increasing green debt funded with $700 million secured for Parkline Place and $130 million for Indi Sydney City.

He said there were cost advantages to going with a green loan, which could be five to 10 basis points cheaper than a traditional debt facility.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fundie’s $25m investment mansion grabs second-highest sale in MosmanMike Messara took just two weeks to sell his property in the prestigious Sydney suburb, scoring a capital gain of more than $3 million in just 16 months.
Source: FinancialReview - 🏆 2. / 90 Read more »

Property stocks down 20pc for year as interest rates, inflation biteA tough year may get even tougher for property stocks with further interest rate rises tipped.
Source: FinancialReview - 🏆 2. / 90 Read more »

‘A very clear jolt’: Why house prices are tipped to fall even furtherMay’s auction clearance rates dropped below 60 per cent in Sydney and Melbourne, and below 70 per cent in other capitals, showing the property market is weakening. Or in other words, might be affordable for once? Less CCP buyers, helps to correct the market
Source: theage - 🏆 8. / 77 Read more »

Mid-century Warrandyte property boasts its own gold mine, stables, and wet bar - realestate.com.auA Warrandyte property home to a Gold Rush-era mine is on the market for the first time in 35 years. The home even overlooks the gully where state’s first gold discovery occurred in the 1850s.
Source: theheraldsun - 🏆 17. / 59 Read more »