S$840 million term loan facility to IOI Consolidated (Singapore) Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”), as mandated lead arrangers, on the S$840 million term loan facility (“Facility”) to IOI Consolidated (Singapore) Pte. Ltd. (“IOI”).
The Facility will be used to finance the acquisition of 50.1% of the share capital of Scottsdale Properties Pte Ltd (“Scottsdale”). Scottsdale’s wholly-owned subsidiary, South Beach Consortium Pte Ltd is the registered proprietor of the iconic South Beach mixed-used integrated development.
The acquisition completed on 1 September 2025. Following completion, IOI holds 100% equity interest in Scottsdale.
Advising DBS and UOB were Allen & Gledhill Partners Lim Wei Ting and Andy Chee.
