Office development with a joint venture project between Frasers Property Australia and Dexus in Sydney CBD – Amo Residence at Ang Mo Kio Avenue 1 By CDL & MCL Land (Hot Launch 2022)

A 30-year fixed mortgage in the UK have edged up and the typical contract is now 5.2%

Frasers Property Australia (FPA), the Australian arm of Singapore-listed Frasers Property, has secured a A$600 million ($588 million) sustainability-linked loan. The five-year loan is comprised by a A$300 million term loan that can be used to refinance an existing loan, as well as an 300 million facility for revolving credit which is utilized for general corporate use.

It is also the 4th green loan that Frasers Property has secured for its Australia business. “We are delighted by the credit market’s acknowledgment of our Australia company’s sustainable qualifications and the group’s financial capacity,” remarks Loo Choo Leong the group’s CFO at Frasers Property, in a press release on May 30.

Frasers Property plans to finance the majority of its portfolio of sustainable assets in 2024 through green of sustainable financing. “We are delighted by our achievements to date and have secured more than $8 billion in sustainable or green financing across the company since our initial green lending loan was granted in the month of September, 2018,” Loo adds.

Frasers Property’s activities in Australia are carbon neutral as per the government of Australia’s Climate Active Carbon Neutral Standard. FPA is aiming for a net zero carbon goal in both the development phase and in operation until 2028.