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Acting for CapitaLand in a joint venture of three entities in the group, namely CapitaMalls Asia, CapitaMall Trust and CapitaLand, which submitted the top bid of S$969 million in the URA tender for the white site at Boon Lay Way. This winning bid was almost S$200 million above market expectations and nearly S$50 million more than the nearest bid.

Acting as lead partner for Overseas Union Enterprise Ltd in its S$299.5 million acquisition of Crowne Plaza Changi Airport from LaSalle Asia Opportunity II SARL and LC Hotels Pte Ltd. The purchase of the 320-room hotel next to Changi Aiport’s Terminal 3 was structured as a corporate real estate transaction.

Acted and led the transaction for Overseas Union Enterprise Limited in respect of its issue of S$300 million secured fixed rate bonds due 2013. The bonds are listed on the SGX-ST. Standard Chartered Bank was the arranger and manager of the bond issue, which was part of a S$750 million syndicated loan facility.

Acted for the Golden Flower Group in the majority divestment of 55 Devonshire Road to an associate of Oxley Land, valued at $1,380 psf in 2010.

Acting for Overseas Union Enterprise Limited in its S$870.5 million acquisition of DBS Towers 1 and 2 from a Goldman Sachs real estate fund, and in the S$750 million syndicated loan facility and S$300 million bond issue for the acquisition.