Green financing for Bangsar South development

From left: UOA Development head of sales and marketing Frankie Choo, property director Cecelia Chan, Alliance Bank Malaysia group chief consumer banking officer Gan Pai Li and head of cards and loans Edwin Lee.

KUALA LUMPUR: UOA Development Bhd has entered into a memorandum of understanding (MoU) with Alliance Bank Malaysia Bhd to collaborate on a green financing scheme for Duo Tower development in Bangsar South, Kuala Lumpur.

In a statement, the property developer said Duo Tower is the first commercial project to sign an MoU for the Alliance Green Properties Financing scheme, which marks a significant milestone in the push for eco-friendly real estate development.

“This collaboration underscores a shared commitment to sustainability and sets a new benchmark for future commercial projects seeking green financing solutions,” said UOA. The strata office development will feature two towers of over 30 storeys.