S$201 million acquisition of Nanak Mansions, Singapore and related S$200 million term loan facilities
A&G News 22 January 2018
Allen & Gledhill advised Secure Venture Development (No. 1) Pte. Ltd. (“SVD1”) on the S$201.08 million acquisition of Nanak Mansions, Singapore. SVD1 is an associate company of UOL Group.
Allen & Gledhill also advised DBS Bank Ltd. (“DBS”) and United Overseas Bank Limited (“UOB”) on the S$200 million term loan facilities to SVD1 to finance the acquisition of Nanak Mansions and the construction of the proposed development thereon.
Advising SVD1 were Allen & Gledhill Partners Ho Kin San and Ernest Teo.
Advising DBS and UOB was Allen & Gledhill Partner Lim Wei Ting.