Ascott Residence Trust has obtained a S$50 million five-year green loan from DBS Bank Ltd, making ART the first hospitality trust in Singapore to secure a green loan. Proceeds from the green loan will be used to finance ART's maiden development project and coliving property, lyf one-north Singapore. lyf one-north Singapore is one of ART's 15 properties that attained green certifications in 2020, bringing the total number of ART's green properties to 21. This is about four times more green-certified properties compared to 2019...
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Source: ShareInvestor Express