S$824 million term and revolving credit facilities for River Valley Tower Pte Ltd, River Valley Apartments Pte Ltd and River Valley Shopping Centre Pte Ltd
Allen & Gledhill, as transaction counsel, advised River Valley Tower Pte Ltd, River Valley Apartments Pte Ltd, and River Valley Shopping Centre Pte Ltd (sponsored by Frasers Property Limited and Mitsubishi Estate Co., Ltd.) on the S$824 million term and revolving credit facilities (“Facilities”) from DBS Bank Ltd., Bank of China Limited Singapore Branch, and United Overseas Bank Limited.
The Facilities are aligned with the Green Loan Principles and will be used to finance the redevelopment of Valley Point and Frasers Suites Singapore into a mixed-used development comprising approximately 407 luxury residential units and sky villas, a 184-unit flagship Fraser Suites serviced residence, as well as dining, retail and lifestyle offerings along the Singapore River.
Advising River Valley Tower Pte Ltd, River Valley Apartments Pte Ltd, and River Valley Shopping Centre Pte Ltd was Allen & Gledhill Partner Lim Wei Ting.
