10 June 2024

Allen & Gledhill, as transaction counsel, advised Frasers Property North Gem Trustee Pte. Ltd., in its capacity as trustee-manager of North Gem Trust (“Frasers Property North Gem Trustee”), on the S$785 million term loan facility (“Facility”) arranged by Oversea-Chinese Banking Corporation Limited, DBS Bank Ltd., United Overseas Bank Limited, Sumitomo Mitsui Banking Corporation Singapore Branch, Bank of China Limited Singapore Branch and CIMB Bank Berhad Singapore Branch.

The Facility is aligned with the Green Loan Principles and will be used to refinance existing borrowings relating to Northpoint City South Wing.

Advising Frasers Property North Gem Trustee was Allen & Gledhill Partner Lim Wei Ting.

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