Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
HSBC Vietnam, in collaboration with Mizuho Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank (Vietnam) Limited, has announced to provide a five-year green club loan for Tam Luc Real Estate Corporation (Tam Luc), owned by a Malaysian property developer Gamuda Land.
With a commitment of VND3,750 billion (nearly $145 million), the loan will finance the investment and development of Eaton Park, a high-end residential project in Ho Chi Minh City.
The project, covering an area of 3.7 hectares with a development value of up to $1.1 billion, was acquired by Gamuda Land around the end of 2023.
It is part of Gamuda Land's "Fast-return project" strategy, aimed at building a portfolio of assets with high return rates within a maximum investment period of five years.
Eaton Park has received EDGE green building certification by the International Finance Corporation (IFC), which requires Eaton Park to achieve a minimum of 20 per cent savings across energy, water and embodied energy in materials.
The project also aligns with the international Green Loan Principles, reflecting Tam Luc’s commitment to incorporate sustainability into their real estate development.
“The transaction demonstrates HSBC’s ability to structure sophisticated financial solutions like a green club loan tailored to support sustainable development”, shared Tim Evans, CEO and Head of banking, HSBC Vietnam.
“By leveraging our expertise and network, we empower our clients to incorporate sustainability into their business models and showcase our commitment to support businesses in their transition journey,” he added.
Tags:
Tags:
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
For Koen Soenens, Sales and Marketing Director at DEEP C, empathy is a compass that guides major deals, the way a leader builds a team, and the ambition to create a sustainable industrial zone that carries a Vietnamese identity.
Taseco Land has shifted its listing to HOSE and introduced a new upward-pointing arrow logo - a visual statement of its strategy to raise capital, expand its land bank, and strengthen its standing in Vietnam’s real estate sector
Located in the heart of Ho Chi Minh City, SAP Labs Vietnam is the second SAP Labs Network hub in Southeast Asia, following Singapore and is one of 20 countries that have SAP Labs globally.
Solar & Storage Live Vietnam event has been running since 2017 and the 2025 edition will be the biggest yet.
A new partnership between EY and the Vietnam-Singapore Board Forum (VSBF) is set to strengthen ESG capabilities for Vietnamese businesses, helping shape more sustainable business models.
