Press Releases

2025-08-07

Prosperity REIT strengthens sustainability commitment by maintaining 100% sustainable financing, securing HK$1.2 billion sustainability-linked loan from DBS Hong Kong and OCBC Hong Kong






 

 

 

Hong Kong, 7 August 2025 – ESR Asset Management (Prosperity) Limited (the "REIT Manager"), as the manager of Prosperity Real Estate Investment Trust ("Prosperity REIT") [SEHK: 808], is pleased to announce that Prosperity REIT has successfully entered into a three-year HK$1.2 billion sustainability-linked syndicated loan facility. The facility was jointly arranged by DBS Bank Ltd., Hong Kong Branch (“DBS Hong Kong”) and OCBC Bank (Hong Kong) Limited (“OCBC Hong Kong”), who acted as Mandated Lead Arrangers, Bookrunners and Underwriters.

Prosperity REIT continues to uphold its commitment to sustainability, with all existing debt facilities as sustainable financing. The proceeds from the loan will be allocated towards refinancing and general corporate purposes, with interest rate reductions upon meeting pre-defined sustainability performance targets. As Sustainability Advisors, DBS Hong Kong and OCBC Hong Kong align with Prosperity REIT’s vision, reflecting a shared commitment to combating climate change through sustainable finance.

Prosperity REIT’s Near-Term and Long-Term greenhouse gas reduction targets were recently validated by the Science Based Targets initiative (SBTi). The SBTi represents a credible and internationally recognised, decarbonisation pathway for net-zero by 2050.

 

Ms. Mavis Wong, CEO and Executive Director of the REIT Manager, remarked, “This sustainability-linked syndicated facility demonstrates our unwavering commitment in achieving GHG reduction targets. We are grateful for the strong support from our banking partners who are enthusiastic to align our financing strategy with measurable ESG outcomes that drive long-term value for our stakeholders.”

 

Boris Chan, Managing Director and Head of Institutional Banking Group, DBS Bank Hong Kong, said, “DBS Hong Kong is pleased to support Prosperity REIT through the sustainability-linked loan facility, promoting their ongoing commitment to sustainable finance. This partnership underscores our shared vision of addressing climate change and creating long-term value for all stakeholders.”

 

Mr. Johnny Wei, Head of Wholesale Banking of OCBC Hong Kong, added, “We are delighted to be a key participant in this loan facility, continuing our long-standing partnership with Prosperity REIT on their sustainability journey. Their commitment to 100% sustainable financing demonstrates leadership and is consistent with market best practices. OCBC is proud to partner with Prosperity REIT in accelerating the transition to a net-zero future through impactful sustainable and transition finance.”

 

About Prosperity REIT

Prosperity REIT [SEHK: 808] is a Hong Kong collective investment scheme authorized under section 104 of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Prosperity REIT owns a diverse portfolio of seven high-quality properties in the decentralized business districts of Hong Kong, comprising all, or a portion of, three Grade A office buildings, one commercial building, two industrial/office buildings and one industrial building, with a total gross rentable area of about 1.28 million sq. ft.. For more information, please visit www.prosperityreit.com.

About ESR Asset Management (Prosperity) Limited, the REIT Manager

ESR Asset Management (Prosperity) Limited (the "REIT Manager") is the manager of Prosperity REIT. The REIT Manager is a wholly-owned subsidiary of ESR Group Limited. ESR is a leading Asia-Pacific real asset owner and manager focused on logistics real estate, data centres, and energy infrastructure that power the digital economy and supply chain for investors, customers, and communities. For more information, please visit www.esr.com.

 

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

 

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.

The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has over 400 branches and representative offices in 19 countries and regions.

For more information, please visit www.ocbc.com.hk to learn more about OCBC Hong Kong.

 

For further information, please contact:

ESR Asset Management (Prosperity) Limited

Vicho Chung

Manager, Investments and Investor Relations

Vicho.Chung@esr.com

(852) 2169 0928

Kenny Kwong

Assistant Manager, Investor Relations & Research

Kenny.Kwong@esr.com                         

(852) 2169 0928

DBS Hong Kong

Celia Wan

Senior Vice President

Media Relations

Group Strategic Marketing & Communications

celiawan@dbs.com

(852) 6690 9250

OCBC Hong Kong

Sam Chan

Brand and Communications

samcschan@ocbc.com

(852) 2852 5063

Aries Lee

Brand and Communications

ariesttlee@ocbc.com

 (852) 2852 5061