30 Oct 2018
Collective sale of Park House
Partner Norman Ho and Associates Dexter Yeo and Noah Ang acted in the S$375 million collective sale of all the strata lots and common property in a 60-unit freehold residential development known as Park House in Orchard Road, Singapore, to ShunTak Cuscaden Residential Pte. Ltd., a wholly-owned subsidiary of Hong Kong-listed Shun Tak Holdings Limited. The sale translates to a record price of S$2,910 per square foot per plot ratio, on the maximum allowable gross floor area of 129,035 square feet and garnered 100% consensus amongst all the registered proprietors of the development, setting a new pricing benchmark for collective sales in Singapore.
27 Sep 2018
Pre-Conditional Voluntary General Offer for M1 Limited
Partners Lawrence Tan and Favian Tan and Associates Goh Jun Yi and Alina Tan is acting for Singapore Press Holdings Limited (“SPH”) in the S$1.9 billion pre-conditional voluntary general offer for M1 Limited (“M1”) by Keppel Corporation Limited (“Keppel”) and Singapore Press Holdings Limited. M1 is principally engaged in the business of provision of telecommunications services, international call services and fixed services, retail sales of telecommunications equipment and accessories, and customer services. SPH and Keppel are making the offer through Konnectivity Pte Ltd, a special purpose vehicle which is jointly held by Keppel and SPH.
27 Sep 2018
Acquisition of 9 Tai Seng Drive, Singapore 535227
Partners Norman Ho and Vikna Rajah and Associates Marco Low, Amelia Cheng, Dexter Yeo, Rachel Leong, Alan Tan and Goh Ziluo are acting for ADC Singapore Trust (a sub-trust of the Ascendas Data Centre Trust established by Ascendas-Singbridge Group) in its acquisition of the JTC property situated at 9 Tai Seng Drive, Singapore, for a purchase consideration of S$99.6 million, from Sabana Shari’ah Compliant Industrial Real Estate Investment Trust. Strategically located within Singapore’s core data centre hub and largest network ecosystem in Tai Seng Industrial Estate, the six-storey industrial building is used as a carrier hotel / data centre. Ascendas-Singbridge Group intends to undertake asset enhancement initiatives to develop the property into a state-of-the-art data centre and host location for customers seeking quality colocation services for their IT equipment.
25 Sep 2018
Sale of Myanmar job portal "MyJobs.com.mm" to Ringier AG
Partners Chester Toh, Min Thein, Lester Chua, Senior Associate Alroy Chan, Associate Khine Khine Zin and Relevant Legal Trainee Edric Chia acted for Island Capital / Millair on the sale of the Myanmar job portal “MyJobs.com.mm” to Ringier. Ringier acquired the start-up through a cooperation with its local partner, Information Matrix.