S$2.29 billion term and revolving credit facilities to Gemini Residential Pte. Ltd. and Gemini Trustee Pte. Ltd. (in its capacity as trustee manager of Gemini Mall Trust)
Allen & Gledhill, as transaction counsel, advised Gemini Residential Pte. Ltd. (“Gemini Residential”) and Gemini Trustee Pte. Ltd. (“Gemini Trustee”) (sponsored by a consortium led by Frasers Property Limited) on the S$2.29 billion term and revolving credit facilities (“Facilities”) arranged by United Overseas Bank Limited, DBS Bank Ltd., Bank of China Limited, Singapore Branch and Oversea-Chinese Banking Corporation Limited.
The Facilities are aligned with the Green Loan Principles and will be used to finance the acquisition of the Bayshore Drive GLS site and the development of an integrated mixed-used project comprising residential and retail components. As the only mixed-use site within the Bayshore precinct under the current Urban Redevelopment Authority Master Plan, the development is envisioned to serve as a key retail, recreational and transport hub for the new estate.
Advising Gemini Residential and Gemini Trustee were Allen & Gledhill Partners Lim Wei Ting and Andy Chee.
