Skip to main content

news

Rajah & Tann Singapore has advised Midtown Properties, a unit of Worldwide Hotels Group, on its S$525 million ($389 million) acquisition of a hotel and a shopping arcade in the Little India district from the real estate developer UOL Group, which was represented by WongPartnership.

The sale of the Parkroyal on Kitchener Road – a 542-room hotel – and New Park Shopping Arcade is believed to be the largest single-hotel asset transaction in Singapore this year. UOL will use the net proceeds for its general working capital requirements and to repay its bank loans, the Business Times reported.

The Rajah & Tann team was led by partners Loh Chun Kiat, Norman Ho and Benjamin Tay. Partners Andrew Ang, Monica Yip, and Anna Tan headed the WongPartnership team.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

CAM, S&R, Sidley Austin act on Dr Agarwal’s Health Care’s $350 mln IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas has guided eye-care company Dr Agarwal’s Health Care and its promoting shareholders on its initial public offering (IPO) valued at $350 million. S&R Associates and Sidley Austin advised the bookrunning lead managers (BRLMs).

Luthra, AZB, CAM, JSA act on JSW Steel’s $482 mln acquisition of ThyssenKrupp Electrical

by Nimitt Dixit |

Luthra and Luthra Law Offices India, along with AZB & Partners, advised a consortium of JSW Steel and JFE Steel Corporation and their JV on their $482.1 million proposed acquisition of ThyssenKrupp Electrical Steel India, which was represented by Cyril Amarchand Mangaldas.

TT&A, Khaitan, AZB guide Macquarie-backed Blueleaf’s $400 mln India solar bet

by Nimitt Dixit |

Talwar Thakore & Associates and AZB & Partners have advised Singapore-based Blueleaf Energy (BLE) on its $400 million investment in 1 gigawatt of solar projects in the northwestern Indian state of Rajasthan owned by Jakson Green, which was represented by Khaitan & Co.