On the other hand, AA REIT clinched a separate A$115 million syndicated loan, including a green loan tranche to Optus Centre. The syndicated loan was arranged by UOB Sydney and ANZ Bank.
The REIT explains that the SLL incorporates sustainability margin adjustments tied to its performance and benchmarked against pre-determined sustainability performance targets (SPTs).
The SPTs focuses on the reduction of Scope 2 carbon emissions, expanding solar capacity across the portfolio and increasing proportion of green leases with tenants.
“These facilities enhance our financial flexibility, extend our debt maturity profile and further diversify our funding sources. Importantly, they also reflect the continued confidence and support of our existing and new banking partners. Looking ahead, we will continue to advance AA REIT’s solar deployment roadmap,” says Russell Ng, CEO of the manager.
See also: Elite UK REIT divests four properties in Wales for GBP6 mil
Units in AA REIT closed 3 cents higher, or 1.91% up at $1.60 on May 21.
