2 weeks Ago
Neovantage Innovation Parks , which owns and operates life sciences-focused real estate, has raised a Rs 300 crore green loan from HSBC India to refinance its existing debt. Neovantage Innovation Parks, a joint venture between Ivanhoe Cambridge and Lighthouse Canton, is located in Genome Valley in Hyderabad. It is home to leading pharma and life sciences Research and Development (R&D) companies.
Ivanhoe Cambridge is a real estate group of CDPQ and Lighthouse Canton, a global investment institution. In a statement on Tuesday, the company said it has "secured its inaugural green loan of Rs 300 crore (canadian dollars 50 million) from HSBC India." "Refinancing of existing debt with the green loan facility is aligned with the company's ongoing initiatives to maintain an environmentally responsible and operationally efficient real estate portfolio," the company said.
Neovantage Innovation Parks' portfolio consists of 8 world-class, Grade 'A' facilities with premier multi-national and large Indian companies as tenants. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Finance Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Future of Marketing & Branding Masterclass By - Dr.
David Aaker, Professor at Haas School of Business View Program HR & People Management Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance Financial Reporting and Analytics By - Dr. C.P.
Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program "The development of Neovantage Innovation Parks reflects our dedication as a sustainable and innovative investor," said George Agethen, Head of Real Estate, Asia-Pacific, at CDPQ. Sanket Sinha, Global Head of Asset Management at Lighthouse Canton, managing Neovantage Innovation Parks, said, "Our first green loan not only underscores our dedication to sustainability but also propels us towards our future green innovation goals". This funding supports the company's financial strategy and aligns with its vision to create sustainable, thriving business ecosystems, he said.
Amitabh Malhotra, Head, Global Banking, HSBC India said, "We are pleased to work with the company and their sponsors for the group's first green loan and look forward to our continued collaboration. This milestone underscores our commitment in supporting clients to achieve their sustainability goals." HSBC has previously provided green loan facilities to several other key real estate players in India.
This first green loan from HSBC in the life sciences real estate sector in this country marks the next step in India's commitment to sustainable development . It also demonstrates the growing alignment between financial strategies and global environmental objectives. (You can now subscribe to our Economic Times WhatsApp channel ).
