S$11 billion sale of real estate-related business of Ascendas-Singbridge Pte. Ltd. to CapitaLand Limited

A&G News 25 February 2019

Allen & Gledhill is advising Temasek Holdings (Private) Limited (“Temasek”) and Ascendas-Singbridge Pte. Ltd. (“Ascendas-Singbridge”), as transaction counsel, on the S$11 billion sale of the real estate-related business of Ascendas-Singbridge to CapitaLand Limited, through the sale of all of the shares of its subsidiaries, Ascendas Pte. Ltd. and Singbridge Pte. Ltd.

Ascendas-Singbridge is Asia's leading provider of business space solutions, and is headquartered in Singapore. Its business presence spans 11 countries including Singapore, China, India, Australia, the United Kingdom and the United States of America.

Advising Temasek and Ascendas-Singbridge are Allen & Gledhill Partners Lim Mei, Richard Young, Lee Kee Yeng, Lauren Chung, Jerry Koh, Teh Hoe Yue and Tan Boon Wah.

Advising Temasek and Ascendas-Singbridge on tax issues is Allen & Gledhill Partner Lim Pek Bur.