19 July 2021

Allen & Gledhill advised KBS US Prime Property Management Pte. Ltd, in its capacity as the manager of Prime US REIT (“Manager”), as transaction counsel, on the US$245.5 million acquisition of two properties, Sorrento Towers and One Town Center located in the United States of America, and its private placement which raised gross proceeds of approximately US$80 million.

Advising the Manager were Allen & Gledhill Managing Partner Jerry Koh and Partner Teh Hoe Yue.

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