Joint venture between Perennial Real Estate Holdings Limited and a consortium for investment in healthcare integrated mixed-use developments connected to high speed railway stations in China
A&G News 5 March 2018
Allen & Gledhill advised Perennial Real Estate Holdings Limited (“Perennial”), through its wholly owned subsidiary, Perennial China Investment Holdings Pte. Ltd., on its joint venture (“Joint Venture”) with a consortium of investors (the “Consortium”) to jointly invest in, acquire and develop predominantly healthcare integrated mixed-use developments which are connected to high speed railway stations in China.
The Joint Venture has an initial committed capital of US$500 million from the Consortium, which comprises Wise Horizon Developments Limited (“Wise Horizon Developments”), Bangkok Bank Public Company Limited, Imagine Properties Pte. Ltd. (“Imagine Properties”), S1F Pte. Ltd., HPRY Holdings Limited and WCA Pte. Ltd. (“WCA”). Wise Horizon Developments is a subsidiary of Shun Tak Holdings Limited. Imagine Properties is a subsidiary of BreadTalk Group Limited. WCA is a subsidiary of Wilmar International Limited.
Advising Perennial were Allen & Gledhill Partners Jerry Koh, Long Pee Hua and Jonathan Lee.
