A&G News 30 November 2020
Allen & Gledhill advised CapitaLand Retail China Trust Management Limited, as manager of CapitaLand Retail China Trust (“CRCT”, and the manager, the "Manager”) as transaction counsel, on the approximately S$1 billion acquisition of properties in China (the “Acquisition”) and on the S$325 million equity fund raising (“Equity Fund Raising”) by CRCT comprising (a) a private placement of S$245 million and (b) a pro rata and non-renounceable preferential offering of S$80 million.
The proceeds from the Equity Fund Raising is to partially finance the Acquisition. The Acquisition includes five business park properties located in the provincial cities of Suzhou, Xi’an and Hangzhou, and Rock Square in Guangzhou.
Advising the Manager were Allen & Gledhill Joint Managing Partner Jerry Koh and Partners Long Pee Hua and Teh Hoe Yue.