StorHub lands S$406M sustainability loan, doubling its 2023 facility
What's the deal? StorHub Self Storage GroupDealroom has a profile for this one. Try Dealroom →, the largest self-storage operator in Asia Pacific, has secured a S$406 million (about $320 million) sustainability-linked loan arranged with CIMB Bank Berhad, Singapore BranchDealroom has a profile for this one. Try Dealroom →, Standard Chartered Bank (Singapore) LimitedDealroom has a profile for this one. Try Dealroom →, and UOBDealroom has a profile for this one. Try Dealroom →. The facility more than doubles the S$180 million loan it raised in 2023.
What's the money for? The loan, which includes a S$150 million accordion option, will refinance existing debt and fund capital expenditure and asset enhancement. It launches alongside StorHub's new Group Sustainable Finance Framework, developed with sustainability consultancy ERMDealroom has a profile for this one. Try Dealroom →.
Why now? The framework ties financing to measurable targets, including cutting absolute Scope 1 and 2 greenhouse gas emissions and certifying occupational health, safety, and information security systems across its markets.
What's the endgame? StorHub already runs 18 rooftop solar systems and 13 LEED-certified facilities — the largest LEED-certified self-storage portfolio in Asia Pacific. Chief executive officer Raju Ruparelia called the framework "a clear and credible pathway to reduce our environmental footprint."
The signal: Sustainability-linked loans, which peg borrowing terms to environmental targets, are moving into real estate niches like self-storage. StorHub's move shows lenders increasingly willing to underwrite growth against emissions goals rather than balance sheets alone.
Read more: newsflashasia.com
Image credit: Scott Meyers Self Storage Investing
