Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and United Overseas Bank Limited (“UOB”) on the S$1.2 billion facilities (“Facilities”) to Grand Dunman Pte. Ltd. (sponsored by SingHaiyi Group Pte. Ltd, Haiyi Holdings Pte. Ltd and China Construction (South Pacific) Development Co. Pte. Ltd.).
The Facilities are to finance the acquisition of the government land sale site at Dunman Road Singapore and the construction of a residential development with more than 1,000 units.