S$580 million term loan facilities to Kingsford Marina Development Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised United Overseas Bank Limited (“UOB”) and Shanghai Pudong Development Bank Co., Ltd. Singapore Branch (“SPD Bank”) on the S$580 million term loan facilities to Kingsford Marina Development Pte. Ltd..
The loan facilities were used to, amongst others, partially finance the acquisition of a 99-year leasehold site at Marina Gardens Lane (“Property”) and the construction of a condominium development on the Property.
Advising UOB and SPD Bank were Allen & Gledhill Partners Aloysius Ng and Lyn Wee.
