Allen & Gledhill advised ASI Global Real Estate Fund (“ASI”), as transaction counsel, on its approximately S$55 million acquisition of three conservation shop houses (“Shop Houses”) at Tanjong Pagar, Singapore. Each of the Shop Houses are held by a property holding company, through the concurrent purchase of all the shares in each such property holding company.
The Shop Houses feature a total of approximately 2,382.43 square metres with each Shop House consisting of two floors and an attic.
This is the first acquisition in Singapore by ASI for its global real estate portfolio.
Advising ASI were Allen & Gledhill Partners Tan Boon Wah and Lauren Chung.