Ascott Residence Trust secures $50m green loan from DBS

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Proceeds will be used for lyf one-north Singapore, ART's maiden development project. Ascott Residence Trust (ART) has obtained a $50m five-year green loan from DBS bank, according to a press release. ART said it is the first hospitality trust in Singapore to secure a green loan. Proceeds from the loan will be used to finance lyf one-north Singapore, ART’s maiden development project and co-living property. Lyf one-north is one of ART’s 15 properties that attained green certfications in 2020, bringing ART’s green properties to 21. read more