Latest news with #GreenLoan
Yahoo
10-07-2025
- Business
- Yahoo
Digital Edge Secures Financing to Complete Major Data Center Campus
SEOUL, South Korea, July 10, 2025 /PRNewswire/ -- Digital Edge (Singapore) Holdings Pte. Ltd. ("Digital Edge"), one of Asia's fastest-growing data center platforms backed by global infrastructure investor Stonepeak, today announced the successful close of a KRW 800 billion Green Loan to fund the development of SEL3, the second phase of its flagship 96-megawatt (MW) campus in the Seoul metropolitan area. This marks a major milestone in developing one of South Korea's largest commercial data center developments, first launched in 2022. The Green Loan was significantly oversubscribed, attracting strong support from a diverse group of Korean and international financial institutions. This is Digital Edge's second Green Loan in Korea, reinforcing the company's commitment to sustainable infrastructure development in the region. "We are pleased with the strong support from our lending partners across the region for this project," said Jonathan Walbridge, Digital Edge's Chief Financial Officer. "This financing demonstrates continued confidence in our platform and affirms our long-term commitment to building digital infrastructure responsibly and sustainably." Located in Bupyeong-gu, Incheon and adjacent to the company's SEL2, SEL3 will add 60MW of capacity and complete the full 96MW campus. Designed for high-density, scalable deployments, the campus caters to the growing needs of hyperscale and enterprise customers in Korea. Construction on SEL3 began in May 2025, with Ready-for-Service (RFS) targeted by Q4 2027. The project extends Digital Edge's strategic partnership with SK ecoplant, a leading local developer which also successfully delivered the SEL2 facility. SEL2, which reached Ready-for-Service in August 2024, is Digital Edge's first purpose-built hyperscale and AI facility in Korea. It has already secured strong leasing momentum from major cloud and digital platform customers, validating the company's strategic investment in the market. Andrew Pak, Country Manager for Digital Edge in South Korea, commented, "As one of the largest commercial DC campuses in South Korea, SEL3 reinforces Digital Edge's commitment to this country. We are delighted to work again with our partners at SK ecoplant to develop this highly energy efficient facility that helps realise the potential of cloud and AI in South Korea." The expansion reflects Digital Edge's broader strategy to power Asia-Pacific's digital transformation through infrastructure that enables sustainable growth across the region's most dynamic markets. About Digital Edge Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical. Backed by leading alternative investment firm Stonepeak, Digital Edge has established itself as a market-leading pan-Asia data center platform. The company provides data center and fiber services across nine countries in Asia Pacific, with more than 1.1GW of secured IT power. You can visit the company's website at View original content to download multimedia: SOURCE Digital Edge Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Khaleej Times
18-06-2025
- Business
- Khaleej Times
Galadari Sports, Emirates NBD ink new green term loan facility for community sports complex in Dubai
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (Menat) region, has announced the successful completion of a new Green Term Loan Facility with Galadari Sports, part of Galadari Brothers, a leading Dubai-based conglomerate, to fund the construction of a new sports complex in the emirate. The state-of-the-art facility will be built to the strict rules and parameters of Dubai Municipality's Sa'fat Gold certification for green buildings, while funding for the project aligns with Emirates NBD's Sustainable Finance Framework. Located in Al Quoz neighborhood, the complex is among only a few privately funded developments that are targeting Sa'fat Gold certification. A flagship project for Galadari Sports, once completed it will help to set new standards in sustainability for recreational buildings and associated infrastructure. As a key part of securing funding through Emirates NBD's Sustainable Finance Framework and official Loan Market Association (LMA) Green Loan Principles, construction of the new complex will adhere to stringent protocols governing building processes and materials, while regular environmental monitoring and annual impact reports will assess its ongoing compliance. Once completed, the new green-certified community facility will feature swimming pools, gyms, squash and padel courts, with power and utilities provided by innovative and sustainable systems including solar panels and water recycling. Emirates NBD is committed to enabling the UAE's transformation into a green, low-carbon economy through initiatives such as its Sustainable Finance Framework. Part of a wide-ranging economic empowerment strategy, Emirates NBD's Sustainable Finance Framework is aligned with the aims of the United Nations Sustainable Development Goals (SDGs) and the UAE's Vision 2030 and Net Zero 2050 plans. Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, said: 'This state-of-the-art project reflects our continued commitment to advancing sustainable development in the UAE. By investing in energy-efficient infrastructure and embracing green finance, we are proud to support the nation's Net Zero 2050 agenda while delivering long-term value to our communities. Our partnership with Emirates NBD marks a significant milestone for Galadari Brothers and reinforces our belief in the power of responsible, future-focused development. As we expand our presence in the wellness and recreation sector, sustainability will remain a core pillar of our long-term vision and growth strategy.' Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said: 'This transaction between Emirates NBD and Galadari Sports is a clear and inspiring example of how sustainability-linked funding options continue to be a driving force in helping the UAE reach its Net Zero 2050 ambitions. The availability of new financing tools across sectors enables important collaborations between banking institutions and private companies, allowing for the creation of increased value through responsible, economically-empowering and environmentally-friendly developments. Projects such as the Galadari Sports complex are at the forefront of a new wave of sustainable urban growth, with innovative green buildings – constructed according to the guiding principles of Dubai Municipality's Sa'fat Gold certification and aligned with Emirates NBD's Sustainable Finance Framework – providing essential services to communities.'
Irish Times
29-05-2025
- Business
- Irish Times
Marlet secures €238m refinancing deal for College Square development
Developer Pat Crean's Marlet Property Group and its partner M&G Investments have secured a €238 million refinancing facility with Standard Chartered for College Square, the landmark office scheme they have developed in Dublin city centre. Standard Chartered acted as sole underwriter, mandated lead arranger, and hedging bank for the transaction, which is understood to have been completed late on Wednesday night. It qualifies as a Green Loan under the Green Loan Principles due to College Square being one of the most sustainable buildings in Ireland, having achieved LEED Platinum Certification and targeting WiredScore Platinum and A3 BER ratings. Commenting on the deal, Marlet's CEO Pat Crean said: 'We are delighted to have closed our first financing facility with Standard Chartered. This new facility brings us through the next chapter of the College Square development while Workday completes preparations to occupy the building and our PRS platform, DUBLIV, completes the leasing of the residential units.' READ MORE Ronan O'Dowd, global head of commercial real estate at Standard Chartered said: 'This green loan financing facility underscores our commitment to backing transformative developments that deliver long-term value for communities, investors, and the city itself.' News of the refinancing deal comes just seven weeks after Marlet and M&G completed a deal with US technology giant Workday for some 38,648 sq m (416,000 sq ft) of the office space at College Square. The company's accommodation represents the entirety of College Square's 'super-prime' office space and is the equivalent of five and a half football pitches. The College Square deal is the largest single office letting to have taken place in the European office market since 2021. The US enterprise technology giant's decision to base its operations there was first revealed by The Irish Times in August of last year. Developed on sites occupied formerly by Apollo House and the neighbouring College House, College Square is a major mixed-use scheme comprising a total of 50,170 sq m (540,000 sq ft) of LEED Platinum office accommodation and 1,580 sq m (17,000 sq ft) of retail space distributed over 10 floors. The development has an overall height of 22 storeys owing to the inclusion of 58 high-end apartments on 12 floors above the office element of the scheme.
