ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jun 08, 2021 18:01 JST
Source:
Champion REIT
Champion REIT Secures First Sustainability-Linked Loan
Driving ESG performance in alignment with 2030 targets
HONG KONG, Jun 08, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has signed its first five-year HK$3.0 billion unsecured sustainability-linked term and revolving credit facilities. The loan proceeds will be used for refinancing and general corporate funding purposes. The loan is backed by:
-- DBS Bank Ltd. (as Sustainability Advisor)
-- Bank of China (Hong Kong) Limited
-- Industrial and Commercial Bank of China (Asia) Limited
-- Hang Seng Bank Limited
-- The Bank of East Asia, Limited
-- Oversea-Chinese Banking Corporation Limited
-- Citigroup Global Markets Asia Limited
-- United Overseas Bank Limited
Based on the facilities agreement, Champion REIT will receive a discount on the loan's interest rate once the Trust has achieved the pre-determined sustainability-linked performance targets. The sustainability-linked performance targets are based on the aspects of Environmental, Social and Governance ("ESG"):
-- Champion REIT achieves reduction of carbon intensity;
-- Champion REIT attains WELL Building Standard; and
-- Champion REIT retains its listing on the Hang Seng Corporate Sustainability Benchmark index.
The targets are aligned with the Trust's 2030 ESG plan, established in 2019, which set the reduction of carbon intensity by 42% as one of the key performance indicators. With the financial incentive, this partnership will reinforce the Trust's commitment to embracing sustainability in every facet of its operations.
Over the years, Champion REIT's commitment to sustainability excellence has gained local and international recognition. This includes the WELL Core Certification at Platinum level under the WELL Building Standard by the International WELL Building InstituteTM being awarded to Three Garden Road, making it the first existing building in Hong Kong to score at the highest level of WELL certification. Moreover, the Trust was chosen as a constituent of the Hang Seng Corporate Sustainability Benchmark Index for the fifth consecutive year and was included in the Hang Seng ESG 50 Index in 2020.
Ms. Ada Wong, Chief Executive Officer of Champion REIT, said, "Today's announcement marks an important milestone in our sustainability journey and reinforces our commitment to driving ESG's performance over the past several years. This partnership demonstrates well how we have achieved financial value and business benefits by embracing sustainability. In the future, we will continue to explore other possibilities in sustainable financing to drive the Trust strategy forward and bring positive change to society. We are glad to have our relationship banks to support us along this journey and we look forward to building our partnerships together."
About Champion REIT (Stock Code: 2778)
Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties. The Trust focuses on Grade-A commercial properties in prime locations. It currently offers investors direct exposure to nearly 3 million sq. ft. of prime office and retail floor area. These included two Hong Kong landmark properties, Three Garden Road and Langham Place, as well as joint venture stake in 66 Shoe Lane in Central London. Since 2015, the Trust has been included in the Constituent of Hang Seng Corporate Sustainability Benchmark Index of Hang Seng Indexes.
Website: www.championreit.com
Source: Champion REIT
Sectors: Real Estate & REIT
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
Three Garden Road Achieves LEED v4.1 Platinum Certification, Scoring Highest in Hong Kong
March 07 2024 18:30 JST
Champion REIT Announces 2023 Annual Results
February 21 2024 19:00 JST
Champion REIT Illuminated Hong Kong CBD by "Sharelebrating" Joy with Community at its Premium Property Three Garden Road
December 05 2023 14:29 JST
Champion REIT Announces 2023 Interim Results
August 18 2023 19:32 JST
Champion REIT Hosts Inaugural ESG Forum
July 19 2023 18:56 JST
Champion REIT and Langham Place Mall organise "1+1 LP CLUB Bonus Points Donation" campaign
April 03 2023 17:55 JST
Champion REIT Announces 2022 Annual Results
February 24 2023 20:36 JST
Champion REIT organises "Love . Play . Farm" Harvest Day
January 16 2023 17:48 JST
Langham Place Mall of Champion REIT Holds Disney and Pixar - Fluffy Festival
December 20 2022 20:55 JST
Three Garden Road Attains BEAM Plus Platinum with Hong Kong's Highest Score
October 17 2022 17:27 JST
More Press release >>