DBS Hong Kong drives Yuexiu REIT’s acquisition valued at RMB 7.8 billion with its first green club loan | 繁體

Hong Kong.08 Mar 2022.3 min read
Hong Kong, 08 Mar 2022 - DBS Hong Kong announced that Yuexiu REIT (Stock Code: 00405), the REIT platform of Yuexiu Group, had completed its first green club loan worth HK$ 4.8 billion for financing the acquisition of Yuexiu Financial Tower. DBS Hong Kong is appointed as the green loan advisor, financial advisor, placing agent, lead arranger and lending bank of Yuexiu REIT in this landmark acquisition. 

Valued at RMB 7.8 billion, the transaction is set to enhance the overall quality of Yuexiu REIT’s portfolio, making it the largest listed REIT in Hong Kong and Singapore with a Chinese portfolio. Yuexiu Financial Tower is a 68-storey Premium Grade A office building strategically located in Zhujiang New Town, central business district and the commercial hub of Guangzhou, and one of the ten tallest skyscrapers in Guangzhou. The green club loan requirement for financing the acquisition includes the building awarded the US Green Building Council certification of Leadership in Energy and Environmental Design “Gold” rating or above that assesses its efficiency and management in water, waste and energy.

The acquisition is a milestone of Yuexiu REIT’s pivot towards green financing. It further demonstrates Yuexiu REIT’s contribution towards Yuexiu Group’s sustainability goal for the implementation of environmental innovative practices.

Lin Deliang, Chairman, Executive Director and Chief Executive Officer of Yuexiu REIT, said, “To promote green development and contribute to China’s goals of carbon peak and neutrality, we will continue to push for improvement in environmental management. Our first green club loan coordinated by and cooperated with DBS underscores our commitment to put ecological environment of Guangzhou as a priority to help strengthen the city’s competitiveness and build a resource-saving and eco-friendly society.”

Alex Cheung, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “As one of the leading REIT companies in Hong Kong and Singapore, Yuexiu REIT has one of the most dynamic China-based portfolios. DBS Hong Kong is excited to take part in Yuexiu REIT’s green journey with their first green club loan using our expertise in sustainable financing advisory. We hope to continue to support them in making a more meaningful and greener impact in their property business and beyond.”




About DBS 

DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 13 consecutive years from 2009 to 2021.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

About Yuexiu Real Estate Investment Trust

Yuexiu Real Estate Investment Trust (“Yuexiu REIT”) was listed on the Hong Kong Stock Exchange of Hong Kong Limited on 21 December 2005 and is the first listed real estate investment trust only investing in properties in the People’s Republic of China (the “PRC”) in the world.

Yuexiu REIT focuses on office, retail and other commercial purposes, strives for properties which can bring considerable cash flows and returns and identifies business opportunities for achieving higher revenue growth through the optimization of its operations.

The current property portfolio comprises nine high quality properties, namely White Horse Building, Fortune Plaza, City Development Plaza, Victory Plaza, Guangzhou International Finance Center and Yuexiu Financial Tower in Guangzhou, Yuexiu Tower in Shanghai, Wuhan Properties in Wuhan and Victory Business Centre in Hangzhou, with a total area of ownership of approximately 1,183,284 square metres. All properties are located in the central business district (“CBD”) of Guangzhou, Shanghai, Wuhan and Hangzhou respectively. The categories of the properties include professional clothing market, Grade-A offices, multiple functional commercial offices, retail business, hotel and serviced apartments etc. The Manager of Yuexiu REIT is Yuexiu REIT Asset Management Limited (“Manager”). Yuexiu REIT is managed by an experienced professional team with extensive experience in real estate management, asset management and the securities market and brings long-term and steady investment incomes to the Unitholders (“Unitholders”) of Yuexiu REIT through actively managing its assets and expanding its operations. While the real estate investment trust market is flourishing, the Manager is committed to becoming a professional asset management institution with a focus on the PRC commercial property market, continuing asset appreciation capability, commercial operation capability, capital operation capability and a leading position in the industry.