A&G News 12 July 2021
Allen & Gledhill advised IREIT Global Group Pte. Ltd., as manager of IREIT Global (“IREIT Global”), on a €110.5 million proposed acquisition of 27 retail properties in France from Decathlon (“Proposed Acquisition”).
Allen & Gledhill also advised IREIT Global, as transaction counsel, on the S$126.7 million equity fund raising by IREIT Global to part finance the Proposed Acquisition, by way of a (i) placement of approximately S$7 million of new units in IREIT Global to Bond Capital Partners and (ii) non-renounceable preferential offering of approximately S$119.7 million.
This is IREIT Global's first foray into France and the Proposed Acquisition will strengthen its portfolio and reduce its reliance on any single geographical location or trade sector.