Acquisition by a subsidiary of Alibaba of a 50% stake in AXA Tower at an agreed property price of S$1.68 billion
A&G News 15 June 2020
Allen & Gledhill advised Alibaba Singapore on its acquisition of a 50% stake in Perennial Shenton Holdings Pte. Ltd. in relation to the redevelopment of AXA Tower, a 50-storey landmark Grade ‘A’ office development with a retail podium sited within Singapore’s Central Business District.
Advising Alibaba Singapore were Allen & Gledhill Partners Lim Mei, Sharon Wee, Chong Zhuo Chen, Hoo Sheau Farn and Sathiaseelan Jagateesan.
