By: greenbank On: February 01, 2020 In: Comments: 0

In November 2017, QIC Global Real Estate closed an AU$200 million senior debt facility from the CEFC to support its delivering improvements in energy efficiency across its portfolio of Australian shopping centres. In February 2020, CEFC announced that it has become an equity investor in the QIC Shopping Centre Fund (QSCF), following repayment of that debt facility:

QIC used the debt facility to roll out a series of major energy efficiency and clean energy initiatives. Although the shopping centres involved are of different ages and are at different levels of sustainability, QICGRE is targeting a 4-star NABERS rating across its portfolio within 5 years, which will translate to energy savings of between 30 and 40 per cent. CEFC’s finance will encourage QICGRE to implement upgrades sooner than would have otherwise occurred. In 2019, QIC Global Real Estate’s QSCF became the world’s first retail property landlord to issue a Climate Bonds Initiative certified green bond:


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