PGIM Real Estate Secures S$900 Million Green Loan From DBS, OCBC Bank And UOB For NEX Mall

PGIM Real Estate has secured a S$900 million green loan from DBS, OCBC Bank and UOB for the refinancing of NEX, a major retail mall in Singapore. This deal marks a significant foray into sustainable finance for PGIM Real Estate in the region.

NEX recently attained the Building and Construction Authority (BCA) Green Mark Goldplus certification, an improvement on their previously held BCA Green Mark Gold certification. This achievement came on the back of enhancements to their recycling programme to include e-waste, chiller plant room optimisation program, the implementation of a green procurement policy, installation of a water management system to monitor water consumption and commitment to the formation of a green committee with participation from tenants, among other initiatives.

Read the full press release now at the link below