The Cabot, a future property of Link REIT. (Photo: Link REIT)

Link REIT has converted two five-year loans totalling GBP200 million signed with BNP Paribas and DBS Bank in August 2020 to sustainability-linked loans.

This marks Link REIT’s first sustainability-linked loan denominated in GBP.

In August last year, the REIT signed two loans in GBP separately with BNP Paribas and DBS to partially finance its acquisition of The Cabot, Link’s first asset in the UK.

The Cabot is a premium grade A office property located in the Canary Wharf, London and is rated as “Very Good” by BREEAM UK.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.