HSBC’s Jersey Commercial Banking team has supported Jersey Development Company (JDC) with a multi million pound green loan facility to support the development of the International Finance Centre 6 (IFC6) building.
The financing facility will enable JDC to progress the development of IFC6 – a 5-level, 68,000 square foot office building – in line with BCO Category A specification and BREEAM ‘Excellent’ rating – standards that underpin the Green Loan eligibility. IFC6 is expected to be completed by late 2023.
The Green Loan scheme, introduced in the Crown Dependencies by HSBC last year, offers corporate customers the opportunity to borrow money specifically to support an environmental endeavour or a project with clear sustainable objectives.
Aline Ayotte (pictured), Head of Commercial Banking, HSBC Channel Islands and Isle of Man, said: “This green financing facility for JDC is a perfect example of how we’re able to support businesses with their sustainability targets and is an excellent example of how the financial sector can lead the way in helping to build an inclusive, prosperous society and a more sustainable future for all.”
Simon Neal, Deputy CEO & Development Director, JDC, added: “Developing IFC6 in line with the highest sustainability criteria was always a key requirement for us and receiving the financing support from HSBC recognising our efforts to meet those criteria is very welcome indeed. With the financing now in place, we’re pleased to be able to progress the development of this key site within Jersey’s International Finance Centre (IFC).”
JDC is wholly owned by the Government of Jersey and was established to complete the Waterfront development as well as regenerate surplus Government owned property assets. This includes the IFC site where JDC supports the Government of Jersey’s strategic plan to ensure that the Island has the necessary Grade A office infrastructure.