EPI (HKG:0689) unit EPI ESG Investment (New Zealand) agreed to grant a NZ$3.1 million loan facility to 279 Park Development, according to a Monday Hong Kong bourse filing.
The facility has an interest rate of 6% per annum and will fall due in six months from the drawdown date.
A first mortgage for certain land and properties in Auckland, New Zealand, was pledged as collateral for the loan.