IndoSpace Core raises 1,000 crore loan

IndoSpace Core has announced that it has issued an `1,000 crore green loan facility from HSBC (The Hongkong and Shanghai Banking Corporation) to finance its certified green projects. The debt facility covers 14 projects located in prime warehousing hubs of Pune, Chennai, Bangalore and Delhi-NCR. The company has set a new benchmark in green financing in India with the facility being raised under its newly established Green Finance Framework. Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group, said, “On behalf of IndoSpace

The company got awarded with ‘Medium Green’ on our Green Finance Framework by CICERO Shades of Green.

Core, we are excited to partner with a reputed global institution like HSBC, which brings significant added value and expertise to our overall capital structure.

This deal is first-of-its-kind in the organised warehousing space in India.”