HSBC grants Rs 3 billlion green loan to Neovantage Innovation Parks
ECONOMY & POLICY

HSBC grants Rs 3 billlion green loan to Neovantage Innovation Parks

Neovantage is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park hosts leading pharmaceutical and life sciences R&D companies.

In its statement, the company highlighted that this is its inaugural green loan, aligned with its goal of maintaining an environmentally responsible and efficient real estate portfolio. Neovantage's portfolio includes eight world-class Grade 'A' facilities, home to multinational and large Indian companies.

George Agethen, Asia-Pacific Head-Real Estate, CDPQ and Sanket Sinha, Global Head-Asset Management, Lighthouse Canton emphasised the company’s commitment to sustainability and green innovation. This funding, they said, supports Neovantage's long-term vision of fostering sustainable business ecosystems.

Amitabh Malhotra, Head- Global Banking, HSBC India, expressed pleasure in collaborating with Neovantage, marking the bank’s first green loan in India’s life sciences real estate sector. HSBC has previously provided green loans to several key real estate players, reinforcing the bank's support for sustainability-driven growth in India.

(ET)

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Neovantage is a joint venture between Ivanhoe Cambridge, a real estate arm of CDPQ, and global investment firm Lighthouse Canton. The park hosts leading pharmaceutical and life sciences R&D companies. In its statement, the company highlighted that this is its inaugural green loan, aligned with its goal of maintaining an environmentally responsible and efficient real estate portfolio. Neovantage's portfolio includes eight world-class Grade 'A' facilities, home to multinational and large Indian companies. George Agethen, Asia-Pacific Head-Real Estate, CDPQ and Sanket Sinha, Global Head-Asset Management, Lighthouse Canton emphasised the company’s commitment to sustainability and green innovation. This funding, they said, supports Neovantage's long-term vision of fostering sustainable business ecosystems. Amitabh Malhotra, Head- Global Banking, HSBC India, expressed pleasure in collaborating with Neovantage, marking the bank’s first green loan in India’s life sciences real estate sector. HSBC has previously provided green loans to several key real estate players, reinforcing the bank's support for sustainability-driven growth in India. (ET)

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000