European workspace developer, HB Reavis, has secured a £106 million ($133 million) Real Estate Investment Green Loan from Hong Kong and Singapore Bank Corporation (HSBC) UK following the completion of its recent project in London, Worship Square.
Worship Square’s sustainability achievements qualified it for HSBC UK’s Real Estate Investment Green Loan. The funding is being used to refinance HB Reavis’ Development Finance facility, allowing the company to invest in future sustainable projects.
The building’s predicted base energy use intensity (EUI) is 52 kilowatt hour per square meter per year (kw/h/m²/year) (NIA), approximately 25 percent below the UK Green Building Council’s target for 2025–2030. Worship Square's upfront carbon emissions (A1–A5) are 480 kilogram per square meter of carbon dioxide (kg CO₂/m² ) – more than 50 percent lower than the Lower Energy Transformation Initiative (LETI) 2020 baseline for office buildings and about 20 per
