ARA and Chelsfield Secure $385.8 Million Green Loan for 5One Central

Jointly extended by DBS and UOB, the proceeds of the loan is used to finance the acquisition and asset enhancement at 5One Central

ARA Asset Management Limited (ARA) and Chelsfield have secured a S$385.8 million green loan from DBS Bank and United Overseas Bank Limited (UOB) to finance the acquisition and asset enhancement of their 50:50 joint venture, 5One Central (formerly known as Manulife Centre), in Singapore. The loan is issued under the green loan framework jointly developed by ARA and Chelsfield, in line with both companies’ commitment to developing and designing buildings that achieve the highest standard of sustainability.

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