Prosperity Real Estate Investment Trust (Prosperity REIT) has entered into its first sustainability-linked interest rate swap with DBS Bank, Hong Kong Branch, the Reit’s second green financing initiative, following its maiden five-year HK$800 million sustainability-linked term loan closed with DBS Hong Kong in 2021.

DBS, which serves as the loan’s sole hedging bank, will provide a hedge against interest rate for the Reit’s bank facilities during the tenor of the loan.

To maximise community impact, the Reit will also collaborate with The Evangelical Lutheran Church of Hong Kong to initiate at least two community events this year in support of the coMarket Community Value Creation vision that aims to nurture a new generation and drive the exchange of resources and skills.

Upon completion of the events, the Reit will be entitled to a sponsorship from DBS Hong Kong to help further its efforts in achieving Sustainability Vision 2030, which encompasses the four key pillars of nature, people, building and services, and community.

“Prosperity REIT’s corporate vision revolves around building a sustainable environment and enhancing the well-being of our stakeholders,” says Mavis Wong, CEO and executive director of ARA Asset Management, the Reit’s manager. “In fact, 100% of our portfolio is now green building certified – marking a significant milestone in our sustainability journey.