S$360 million term and revolving loan facilities to United Venture Development (No. 7) Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised CIMB Bank Berhad, Singapore Branch (“CIMB”) on the SS$360 million term and revolving loan facilities (“Facilities”) to United Venture Development (No. 7) Pte. Ltd. (sponsored by UOL Group Limited and Singapore Land Group Limited).
The Facilities will be used to finance the acquisition and development of a residential project at Orchard Boulevard with a commercial component at the first storey.
Advising CIMB were Allen & Gledhill Partners Lim Wei Ting and Ernest Teo.
