Boustead Projects Limited announced that it has secured a green loan of SGD 70 million to refinance Razer SEA HQ in Singapore. Extended to Snakepit-BP LLP, a joint venture of the Company set up for the development of Razer SEA HQ, the four-year secured green loan will be under UOB's Sustainable Finance Framework for Green Building Developers and Owners. Located at one-north ­ Singapore's leading hub for innovation, R&D and technology ­ the iconic Razer SEA HQ is home to over 550 employees of Razer, the world's lifestyle brand for gamers.

Featuring a sleek black façade with Razer's distinctive acid green lines streaking across the building, the development received the Temporary Occupation Permit in April 2021 and comprises approximately 19,300 square meters in gross floor area across seven floors. Razer SEA HQ has a committed occupancy of 100% as at 31 March 2023, is developed by Snakepit and managed by Echo Base-BP Capital Pte Ltd, also a joint venture of the Company.