S$201 million term loan facilities to PRE 15 Pte. Ltd.

A&G News 1 March 2021

Allen & Gledhill advised United Overseas Bank Limited (“UOB”) as transaction counsel on the S$201 million term loan facilities to PRE 15 Pte. Ltd. (the joint venture vehicle of a consortium led by Perennial Real Estate Holdings Private Limited) to finance the acquisition and redevelopment of Big Box, a property located in the Jurong Gateway precinct.

The property will be redeveloped as a business park and will be renamed Perennial Business City.

Advising UOB was Allen & Gledhill Partner Lim Wei Ting.