Seasons City (Phase 1) development set to open in 2020
Views: 336

Seasons City is part of Keppel Land’s growing commercial portfolio in China to meet the rising demand for prime office and retail space. Located in Sino-Singapore Tianjin Eco-City, it will feature three office towers and retail premises with a total gross floor area of about 161,800 sq m.

Phase 1 of Seasons City, which comprises a five-storey retail complex and a 10-storey office tower, is targeted for completion in 2020. The project adopts energy-efficient lighting designs, chillers and ventilation systems, and also taps on non-potable water to reduce water consumption. In addition, it has installed a photovoltaic system and a solar hot water system to utilise solar energy.

For its innovative sustainability features, the project has been conferred Building and Construction Authority of Singapore’s (BCA) Green Mark Platinum Award (Provisional), the highest accolade under the BCA Green Mark scheme.

Keppel Land, through a wholly-owned subsidiary of Keppel Land China, recently secured its first green loan facility (Green Loan) to the amount of RMB 850 million from the HSBC Group China for the development of Seasons City (Phase 1).

Green Loans are loan instruments made available exclusively to finance or re-finance eligible green projects. The Green Loan for Seasons City (Phase 1), which will be on a five-year term, is to be aligned with the Green Loan Principles issued by the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications & Trading Association, where the project must demonstrate clear environmental benefits which can be assessed.

“This reflects our focus on building environmentally-friendly and resource-efficient properties,” said Ben Lee, president of Keppel Land China. “Keppel Land is committed to ensure that all new overseas commercial projects are minimally certified to the Building and Construction Authority of Singapore's (BCA) Green Mark GoldPlus standard, or its equivalent.”

Mr Lee added, “Keppel Land has been actively involved in the Sino-Singapore Tianjin Eco-City since the conception of the project more than a decade ago. We have actively contributed to the Eco-City’s transformation from a barren site to the sustainable city it is today. When completed, Seasons City will contribute further to the vibrancy and attractiveness of the Eco-City.”

The Keppel Group leads the Singapore Consortium in the development of the Eco-City, a landmark bilateral project between the Governments of Singapore and China. Besides developing eco-friendly residential and commercial projects, several other Keppel businesses are contributing to the Eco-City’s development with solutions for sustainable urbanisation, such as water reclamation, energy and engineering services, district heating and cooling and integrated logistics distribution.