S$499.95 million term loan facility to Singapore Central Private Real Estate Limited (sponsored by Hongkong Land Holdings Limited)
Allen & Gledhill, as transaction counsel, advised Singapore Central Private Real Estate Limited (“SCPREL”) (sponsored by Hongkong Land Holdings Limited) on the S$499.95 million term loan facility (“Facility”) from DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited.
The Facility will be used to finance the acquisition of Everbilt Developers Pte Ltd, which owns Wheelock Place, a premium mixed-used development situated in the Orchard Road precinct.
Advising SCPREL was Allen & Gledhill Partner Lim Wei Ting.
