Singaporean sovereign wealth fund GIC has backed the future of sustainable offices, committing as the anchor investor in a A$700 million ($502 million) “green” debt facility being used to fund the construction of the 39-story Parkline Place office tower in central Sydney, reported Financial Review.
The loan has been issued to project owners Oxford Properties Group, Investa and Mitsubishi Estate through Gresham Property’s recently closed construction debt fund, GPF No. 8, which has raised more than A$1.4 billion ($1 billion).
