Serene SOH

Significant transactions that Serene has been involved in include advising / acting for the following:

• OUE Limited through subsidiaries Alkas Realty Pte. Ltd. and OUE Downtown Pte. Ltd. in the sale of Oakwood Premier OUE Singapore, its luxury serviced residences and hotel business for S$289 million to DHI Holding (S) Pte. Ltd. and DHI Downtown Pte. Ltd., being joint venture entities between AMTD Group and Dorsett Hospitality International.
• (As Singapore counsel to) the buyer in the acquisition of the self-storage business, StorHub.
• Ascendas Funds Management (S) Limited, as manager of Ascendas Real Estate Investment Trust ("Ascendas REIT") in Ascendas REIT's acquisition of DSO National Laboratories buildings and DNV GL Technology Centre located at 12, 14 & 16 Science Park Drive for a purchase consideration of S$420 million from Ascendas Land (Singapore) Pte Ltd.
• Manulife Financial Corporation in the purchase of the entire equity stake in DBS China Square Limited which holds the property known as "PwC Building" based on an agreed property value of S$747 million from DBS Bank Ltd.
• The syndicate of banks in the more than S$1.33 billion financing to SportsHub Pte. Ltd. for the development and construction of the Singapore Sports Hub, which is understood to be the world’s largest Public-Private Partnership ("PPP") sports facilities infrastructure project and one of Singapore's flagship PPP projects. The deal won nine international awards including the "Asia-Pacific PPP Deal of the Year" and "Global Deal of the Year" handed out by Euromoney's Project Finance Magazine.
• Perennial Shenton Property Pte. Ltd., as borrower, in the re-financing of the acquisition of, and the S$3 billion green loan syndicated financing of the project development at, 8 Shenton Way (slated to be the tallest building in Singapore).

Related Practice

• Corporate Real Estate