29 Oct 2019
Acquisition of Synergy Property Development Services Private Limited
Partner Hoon Chi Tern from Rajah & Tann Singapore acted as transaction counsel to Colliers International, a Nasdaq-listed commercial real estate services and investment management firm, on its acquisition of a controlling interest in Bangalore-based Synergy Property Development Services. Synergy and Colliers India will merge, with the combined operations in India having more than 1,400 professionals operating from 16 offices, providing investment sales, lease brokerage, valuations, workplace consultancy and property and project management to domestic and international investors, occupiers and developers of real estate.
07 Oct 2019
Disposal of Royal Hiranandani
Partners Norman Ho, Tracy Ang and Loh Chun Kiat from Rajah & Tann Singapore acted for Royal & Sons Organisation on the approximately S$160 million (US$115.8m) disposal of Royal Hiranandani, the holding company for the property situated at 12 Orange Grove, Singapore, also known as “Darby Park Executive Suites”, which is located in one of Singapore’s most prestigious precincts.
07 Oct 2019
Sale by Fullshare Value Fund I(A) of its entire interest in Five Seasons XXII
Partners Chia Kim Huat, Chen Xi, Lee Weilin, Sim Chee Siong, Penelope Loh, Lina Chua and Gazalle Mok from Rajah & Tann Singapore acted on the S$170 million (US$123m) sale by Fullshare Value Fund I(A) of its entire interest in Five Seasons XXII, which indirectly owns the development known as Plus at 20 Cecil Street, Singapore. Fullshare Holdings had provided a guarantee to the purchaser to secure the obligations of Fullshare Value Fund I(A).
01 Oct 2019
Acquisition of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi
Partner Eko Basyuni from Assegaf Hamzah and Partners acted for ITOCHU Techno-Solutions Corporation (CTC), a Japanese multinational IT services company, in its IDR980 billion (US$69.2 million) acquisition of 70% of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi. The team assisted in providing necessary advice relating to the transaction structure and fulfilment of conditions precedent to accommodate the best interests of both the sellers and the buyer to ensure a successful consummation of the deal.