Indospace Core Issues Rs1000 Crore Green Loan.
IndoSpace Core, the largest industrial and logistics core real estate vehicle in India with approximately 13 million square feet across 14 industrial and logistics parks, announced the closing of an INR 1,000 crore green loan facility provided by The Hongkong and Shanghai Banking Corporation Limited (HSBC). The debt facility is the largest portfolio financing seen
IndoSpace Core, the largest industrial and logistics core real estate vehicle in India with approximately 13 million square feet across 14 industrial and logistics parks, announced the closing of an INR 1,000 crore green loan facility provided by The Hongkong and Shanghai Banking Corporation Limited (HSBC). The debt facility is the largest portfolio financing seen in the logistics and warehousing space in India, covering 14 projects located in prime warehousing hubs of Pune, Chennai, Bangalore and Delhi - NCR. Proceeds from the debut green loan will be used towards the financing or refinancing of certified green projects. The green buildings have also achieved EDGE green building certification developed by the IFC, a member of the World Bank Group. Rajesh Jaggi, Vice Chairman - Real Estate, Everstone Group said “On behalf of IndoSpace Core, we are excited to partner with a reputed global institution like HSBC, which brings significant added value and expertise to our overall capital structure. This deal is first of its kind in the organized warehousing space in India and it reinforces IndoSpace as a leader in this segment.”
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