S$1.3 billion divestment of One George Street by One George Street LLP
A&G News 28 February 2022
Allen & Gledhill, as transaction counsel, advised CapitaLand Integrated Commercial Trust Management Limited, in its capacity as manager of CapitaLand Integrated Commercial Trust (“CICT”, and the manager of CICT, the “Manager”) (“CICTML”), on the S$1.3 billion divestment by One George Street LLP (“OGS LLP”) of a 29-storey Grade A office building located in the Raffles Place precinct known as One George Street at 1 George Street, Singapore 049145 (“One George Street”).
CICTML is the asset manager of OGS LLP. CICT, as one of the partners of OGS LLP, holds 50% interest in OGS LLP. An unrelated third party holds the other 50% in OGS LLP.
Advising CICTML were Allen & Gledhill Partners Eudora Tan and Teh Hoe Yue.