US-headquartered private equity PE firm, Blackstone, announced last Thursday Oct 12 that funds managed by its real estate arm had obtained A$1.45 billion $930 million in the form of a sustainability-linked loan SLL. The transaction constitutes the largest SLL lent to Australia’s industrial sector to date.
A spokesperson for Blackstone confirmed with FinanceAsia that the SLL was secured against the firm’s Australian real estate and logistics portfolio and was issued in three and five-year tenors.
The landmark deal also marks Blackstone’s first sustainability-linked transaction in the Asia Pacific region.
“Blackstone believes that assets with strong ESG credentials are rewarded in capital...
¬ Haymarket Media Limited. All rights reserved.
