Brookfield Lands Green Loan in Perth as Asian Market Expands
- Facility is for completed Brookfield Place Perth towers
- Asia Pacific outpaces Americas in green loan growth in 2019
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Canada’s largest alternative asset manager has secured a green loan for commercial towers in Australia, adding to signs that the market for such fundraising in the Asia-Pacific region is catching up with elsewhere in the world.
Brookfield Properties, a subsidiary of Brookfield Asset Management Inc., got the A$880 million ($608 million) loan to refinance facilities that were used for the two energy-efficient office towers in Perth in Western Australia. The financing is the largest single-asset green loan syndication completed Down Under.