Sustainable Buildings: Greening the Real Estate sector
Standard Chartered is helping to green the real estate sector by collaborating with clients like BentallGreenOak and Schroders Capital Real Estate to participate in green building certifications.
Greening the buildings sector represents a USD24.7 trillion investment opportunity in emerging markets through the end of this decade. We are at the forefront of that opportunity, committing USD40 billion in infrastructure financing and collaborating with organizations to roll out certifications rooted in standardized metrics and reporting requirements like the International Finance Corporation’s (IFC) Excellence in Design for Greater Efficiencies (EDGE) certification.
In a landmark deal, Standard Chartered provided a green loan to Schroders Capital Real Estate and BentallGreenOak for acquiring approximately 568,200 square feet of industrial space and 122 car parking spaces at Cable TV Tower and One Midtown in Tsuen Wan. This will be the first property in Hong Kong to participate in the EDGE green building certification.