Advising Sun Venture on a SGD655 million strategic acquisition in the heart of Singapore business district from Commerzbank

Advising Sun Venture on a SGD655 million strategic acquisition in the heart of Singapore business district from Commerzbank
01 Aug 2019

The corporate and real estate practice groups of Eversheds Harry Elias LLP are advising its longstanding client, Sun Venture Group in the acquisition of all the equity interests in CR-71 Robinson Road Singapore Pte. Ltd. (“CR-71 Robinson”) for an estimated consideration (based on adjusted net asset value) of approximately S$655 million from Commerz Real Investmentgesellschaft mbH (“Commerz Real” or the “Seller”).   CR 71 Robinson owns 71 Robinson Road, a Grade A commercial building which sits on the corner of Robinson Road and McCallum Street in the heart of Singapore business district, with blue chip tenants such as CommerzBank, Visa and Ogilvy.  Sun Venture Group is a Singapore based real estate developer with a sizeable portfolio of Grade A commercial buildings in the Republic of Singapore and is part of Legend Investment Holdings, backed by Taiwanese and Singaporean investors with interests in property and fund management.   The transaction was brokered by CBRE and JLL.  

Partners Claudia Teo, Pauline Lee, Khaw Gim Hong and Of Counsel Huang Zhihao are advising on the transaction. 

For more information, please contact our Business Development Manager, Ricky Soetikno at rickysoetikno@eversheds-harryelias.com

 

Contact: 

Claudia Teo

Partner
Head, Corporate and Financial Services
T: 
+65 6361 9392
F: 
+65 6438 1788
E: 
ClaudiaTeo@eversheds-harryelias.com

Pauline Lee

Partner
Head, Real Estate
T: 
+65 6361 9879
F: 
+65 6557 0147
E: 
PaulineLee@eversheds-harryelias.com

Khaw Gim Hong

Partner
Real Estate
T: 
+65 6361 9360
F: 
+65 6557 0147
E: 
GimhongKhaw@eversheds-harryelias.com

Huang Zhihao

Of Counsel
Corporate
T: 
+65 6361 9869
F: 
+65 6438 0550
E: 
zhihaohuang@eversheds-harryelias.com
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