€110.5 million proposed acquisition of Decathlon properties in France and S$126.7 million equity fund raising by IREIT Global
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.
Advising IREIT Global were Allen & Gledhill Managing Partner Jerry Koh and Partner Teh Hoe Yue.