Sun Venture secures $455m loan to buy 71 Robinson Road

It will also be used for investments to improve its environmental footprint.

Sun Venture has secured a $455m green club loan for the acquisition of 71 Robinson Road and finance future investments to improve its environmental footprint, an announcement revealed.

Sun Venture said that it plans to improve its energy, water and waste footprints with the aim of achieving the higher-tiered Singapore Building and Construction Authority (BCA) Green Mark GoldPlus award at its next review.

The 15-storey office building at the corner of Robinson Road and McCallum Street has a BCA Green Mark Gold award which it received earlier this year.

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“We have been making a concerted effort to build an environment-friendly portfolio of assets and this will extend to 71 Robinson Road as well,” said Alvin Teo, managing director, Sun Venture.

Currently, 71 Robinson Road features NEWater used for its cooling towers; water efficient fittings; and used recycled materials in the construction of drains, road kerbs, ceiling boards, and partition walls. Environmentally-friendly green label materials were used for precast channel drains, road kerbs and wheel stoppers, false ceiling boards, dry walls and the pedestal system.

Upcoming improvements in the building reportedly include LED lighting, pre-cooled air handling units, and a new chiller plant management system.

OCBC served as the group’s green loan adviser, and facility agent and security agent, whilst DBS and OCBC acted as joint green loan mandated lead arrangers.