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

Luthra, AZB, CAM act on JSW Steel’s $482 mln acquisition of ThyssenKrupp Electrical

by Nimitt Dixit |

Luthra and Luthra Law Offices India, along with AZB & Partners, advised a consortium of JSW Steel and JFE Steel Corporation and their JV on their $482.1 million proposed acquisition of ThyssenKrupp Electrical Steel India, which was represented by Cyril Amarchand Mangaldas.

Deals

TT&A, Khaitan, AZB guide Macquarie-backed Blueleaf’s $400 mln India solar bet

by Nimitt Dixit |

Talwar Thakore & Associates and AZB & Partners have advised Singapore-based Blueleaf Energy (BLE) on its $400 million investment in 1 gigawatt of solar projects in the northwestern Indian state of Rajasthan owned by Jakson Green, which was represented by Khaitan & Co.

Deals

CAM, Trilegal, Khaitan, IndusLaw act on HUL’s $350 mln Minimalist deal

by Nimitt Dixit |

In the first big M&A deal in India this year, leading firm Cyril Amarchand Mangaldas has guided FMCG major Hindustan Unilever (HUL) on its acquisition of 90.5 percent stake in Jaipur-based skincare startup Minimalist for close to $350 million (29.5 billion rupees).