A&G News 3 June 2019
Allen & Gledhill advised Invesco Real Estate Investment Asia Pacific Limited (“Invesco”) and SGRE Banyan Pte. Ltd. (“SGRE”) on the S$227.5 million acquisition (“Acquisition”) and leaseback (“Leaseback”) of a chemical logistics and warehousing facility located at 121 Banyan Drive, Jurong Island, Singapore (“Property”) from LTH Logistics (Singapore) Pte Ltd (“LTH”), a subsidiary of Vibrant Group Limited.
The transaction involved the Leaseback by SGRE as lessor of the Property, to LTH as tenant, for a term of 10 years commencing from completion.
Allen & Gledhill also advised Invesco and SGRE on the S$227.5 million secured financing (“Financing”) for the Acquisition of the Property.
SGRE is a special purpose vehicle of Invesco Real Estate Asia Fund, a Luxembourg fund managed by Invesco Real Estate which manages more than $975.2 billion in assets worldwide.
Advising SGRE on the Acquisition was Allen & Gledhill Partner Lim Mei Ann.
Advising SGRE on the Financing was Allen & Gledhill Partner Lyn Wee.