M+S Gets Green Loan $1.95 Billion for Marina One Development
Posted on 07/28/2020
M+S is a property development joint venture between Khazanah Nasional Berhad at 60% ownership and Temasek Holdings at 40% ownership. M+S received a US$ 1.95 billion green loan for its Marina One development. The green loan was originated by OCBC, DBS Bank, and United Overseas Bank. The Marina One East and West Towers have roughly 1.9 million square feet of Grade A office space, including two floors cantilevered across both towers. The residential portion of the development is not part of the loan package.
Keywords: Oversea-Chinese Banking Corporation Limited (OCBC Bank).