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OCBC makes first property green loan in South Korea OCBC Bank has provided some sort of alternative loan of 117 billion dollars South Korean won (S$132. 6 million) to help M&G Real Estate Japan to refinance an expenditure in Northgate, a efficient building in Seoul's central business district, together with the bank as the sole loan provider and green counselor. The loan is South Korea's first green loan supporting the home industry, OCBC said within a good statement on Thursday (Aug 21). 햇살론 can be also the bank's first of all ecological finance transaction inside the country. The loan takings will be used for you to refinance existing advances within M&G Asia Property Finance, which have been extended for this investment throughout Northgate. The particular fund is definitely managed by M&G Properties Asia. Northgate is a high-rise office building with green functions, which includes rainwater recycling systems, water-efficient fixtures, LED lamps in common areas, and even construction automation systems to help control warming, ventilation, air conditioning and lights. Environmentally-friendly materials are also made use of within the building's cleaning and common upkeep. In 2016, Northgate received the Authority within Energy and The environmental Design for Existing Buildings Procedures plus Preservation Gold ranking from your US Green Construction Council. OCBC Bank head of global corporate banking Elaine Lam said the provider searching for to increase it is eco friendly finance account to S$25 billion simply by 2025. Stocks of OCBC was initially straight down eight dollars or maybe zero. 9 per dime to $8. 80 on an ex-dividend foundation at the midday break upon Friday.