Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Brookfield Properties

 

Brookfield Properties is a subsidiary of Brookfield Asset Management, which is a large developer of prime commercial buildings globally.

The proceeds from this Certified Loan will refinance existing debt linked to the development of Tower 1 and Tower 2 of Brookfield Place Perth. The buildings are leased to large corporate tenants. Tower 1 has 45 floors and is currently the secondly tallest building in Western Australia.

Tower 1 has a lettable area of 120,000 square meters and was completed in 2012. Tower 2 has a lettable area of 33,350 square meters and was completed in 2015.

 

Date of Issue Type of Instrument Size Tenor Country of Issuance CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT Annual Report Further Information
June 2019 Loan AUD 880 million (USD 608 million) 5 years Australia

Low Carbon Buildings - Commercial

pre issuance verification  

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