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M+S, that will be 60% owned by Khazanah Nasional and 40% by Temasek Holdings, has secured a $1.95 billion green loan for integrated growth Marina One.
The profits of the green loan, provided by DBS Bank, OCBC Bank and United Overseas Bank, is utilized to partly refinance the retail and office elements of Marina One, that can be valued at roughly $5 billion.
Marina One East and West Towers include 1.88 million sq feet of Grade-A office area, including two wheeled flooring which are invisibly across the towers.
Marina One’s retail podium covers over 140,000 sq feet around four floors offering retail, dining and lifestyle choices.
Marina One Residences, the home element of Marina One, isn’t a part of this green loan package. Marina One Residences takes 2 towers. So far, over 80% of those 1,042 luxury homes there have been marketed.