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LEE Ho Wah

Partner
Finance
lee.howah@rodyk.com
+65 6885 3604


EXPERIENCE

Acted for Overseas Union Enterprise Ltd in the financing for its acquisition of Crowne Plaza Changi Airport from LaSalle Asia Opportunity II SARL and LC Hotels Pte Ltd for S$299.5 million. The purchase of the 320-room hotel next to Changi Airport's Terminal 3 was structured as a corporate real estate transaction and won the Best Single Asset Transaction Award at the HICAP Conference in Hong Kong in 2011.


Acted for Clifford Development Pte Ltd, a subsidiary of Overseas Union Enterprise Limited, in securing a S$460 million syndicated term loan facility. The facility is arranged by Oversea-Chinese Banking Corporation Limited and The Hongkong and Shanghai Banking Corporation and Clifford Development Pte Ltd will use the loan to refinance its existing facility in relation to its commercial development comprising of OUE Bayfront, the adjoining conserved Aerial Tower and the refurbished Change Alley Linkbridge.


Acted for a borrower, which is a subsidiary of a public listed company, in S$535 million transferable term loan facilities from a 4-bank syndicate for the financing of the borrower's acquisition and construction of a commercial project on a SLA site in Singapore.


Acted and led the transaction for Overseas Union Enterprise (OUE) in securing a S$425 million term loan facility from OCBC bank. OUE, through its subsidiary Cove Development, will use the loan to finance the development and cost of construction of a property at Leonie Hill Road. In addition, OCBC has also made available to Cove an interest rate swap facility for a notional amount up to S$375 million. This is for fixing interest swap transactions for tenure of up to four years or at the end of September 2014.


Acting for listed company Overseas Union Enterprise in its S$870.5 million purchase of DBS Tower One and Two from a Goldman Sachs real estate fund, the largest commercial property deal in Singapore this year and possibly since 2008.



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