20 Dec 2018
Acquisition of 77.6% of the entire issued and paid-up share capital of PRE 1 Investments Pte. Ltd.
Partners Danny Lim, Norman Ho, Benjamin Tay, Senior Associates Cheryl Tay, Shane Ng and Associates Marcus Tay, Rachel Leong acted for DC REIT Holdings Pte. Ltd. in its acquisition of the balance 77.6% stake in PRE 1 Investments Pte. Ltd. ("PRE 1") owned by Divine (AMT) Pte. Ltd., for approximately S$56.6 million, subject to agreed adjustments. PRE 1 holds the property known as "I12 Katong" located at 112 East Coast Road Singapore indirectly through Katong Retail Trust, a special purpose trust established in Singapore.