The joint venture between Malaysia and Singapore – M+S – has obtained a $1.95 billion green loan for its Marina One development.

This is the largest green loan for a real estate firm in the Asia-Pacific, said the developer, which is 60 per cent owned by Malaysian sovereign wealth fund Khazanah Nasional and 40 per cent by Singapore investment firm Temasek Holdings.

The loan from DBS Bank, OCBC and United Overseas Bank will partially finance Marina One’s office and retail components, which are valued at about $5 billion. The residential part is not part of the loan package.

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