Skip to main content

news

Allen & Gledhill has advised CapitaLand Integrated Commercial Trust Management (CICT) as one of the two sellers of Singapore office building One George Street for S$1.28 billion ($950 million) to a joint venture between JP Morgan Asset Management and Nuveen Real Estate, with Rajah & Tann representing the purchasers.

CICT owned 50 percent of the building, with the rest owned by insurer FWD Group.

One George Street was originally developed by CapitaLand and German insurer ERGO. The joint venture sold the property in 2008 for S$1.17 billion to CapitaLand Commercial Trust, which last year merged with CapitaLand Mall Trust to become CICT, said property website Mingtiandi.

The Allen & Gledhill team was led by partners Eudora Tan and Teh Hoe Yue. Meanwhile, the Rajah & Tann team was led by partners Norman Ho, Ng Sey Ming, Tan Mui Hui, Gazalle Mok, and Ho Mei Shi.

Related Articles

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.

Deals

R&T guides VietJet on historic $8 bln aviation deal

by Nimitt Dixit |

Singapore’s Rajah & Tann has advised Vietnam's VietJet Air on reaffirmation of its $8 billion deal with CFM International to acquire over 400 CFM advanced Leap 1B Aircraft Engines.

Deals

Davis Polk, Gibson Dunn advise on $2.3 bln Nippon Paint-AOC deal

by Asian Legal Business《亚洲法律杂志》 |

Davis Polk & Wardwell has advised Japanese paint manufacturer Nippon Paint on its $2.3 billion acquisition of U.S. chemicals formulator AOC from Lone Star Funds, which was represented by Gibson, Dunn & Crutcher.