Allens has advised Charter Hall on the successful execution of a $3.35 billion green loan facility (certified by the Climate Bond Initiative and independently verified by DNV and KPMG) for its flagship office fund, Charter Hall Prime Office Fund (CPOF).
The transaction is one of the largest of its kind in the real estate sector, and brings together a syndicate of leading domestic and international banks, including CBA, WBC, ANZ, HSBC and SMBC.
'We are pleased to have supported Charter Hall on this landmark green loan transaction, which reflects the strong demand for sustainable finance in the Australian market. The scale of this deal highlights the important role that green lending can play in supporting the real estate sector as it integrates sustainability into operating assets,' said lead Partner Mark Kidston.
This transaction builds on Allens’ experience advising on green and sustainability-linked financings for major players in Australia’s property and infrastructure sectors.
Allens legal team
Banking & Finance
Mark Kidston (Partner), Emma Nicholson (Senior Overseas Practitioner), Cara Kenny (Associate), Lachlan Martin (Lawyer)
Real Estate & Development
Annabelle Aland (Partner), Tom Wilson (Senior Associate), Lauren Cutuli (Senior Associate), Hannah Woodfield (Lawyer)
Tax
Ellen Thomas (Partner), George Bishop (Senior Associate)