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OCBC makes first property efficient loan in South Korea OCBC Bank has provided a good renewable loan of 121 billion dollars South Korean won (S$132. 6 million) to be able to M&G Real Estate Japan to refinance an purchase in Northgate, a green building in Seoul's main business district, while using loan company as the sole lender and green adviser. The money is South Korea's primary green loan supporting the home or property industry, OCBC said inside the statement on Comes to an end (Aug 21). 햇살론 is furthermore the bank's initially environmentally friendly finance transaction in the country. The loan takings will be used to help refinance existing advances within M&G Asia Property Finance, that have been extended for often the investment around Northgate. The fund is definitely managed by means of M&G Property Asia. Northgate is a high-rise business building with green characteristics, including rainwater recycling methods, water-efficient fixtures, LED lights in common areas, together with building automation systems in order to control home heating, ventilation, surroundings conditioning and lighting fixtures. Environmentally-friendly materials are also applied within the building's cleaning and general upkeep. In 2016, Northgate received the Management throughout Energy and Environmental Design for Existing Buildings Functions together with Upkeep Gold ranking in the US Green Construction Council. OCBC Bank brain of global corporate banking Elaine Lam said the financial institution searching for to expand their lasting finance collection in order to S$25 billion by 2025. Stocks of OCBC has been lower eight dollars or zero. 9 per dollar to $8. 80 upon an ex-dividend time frame at the midday break in Friday.