First Real Estate Investment Trust’s S$260 Million Loan Facilities

Allen & Gledhil advised First REIT Management Limited, in its capacity as manager of First Real Estate Investment Trust, and Perpetual (Asia) Limited, in its capacity as trustee of First REIT, on the S$260 million loan facilities to First REIT entered into by the Trustee with Oversea-Chinese Banking Corporation Limited and CIMB Bank Berhad, Singapore Branch and CIMB Bank Berhad, Singapore Branch.

The Loan Facilities include a term loan facility of S$178.5 million and a revolving credit facility of S$42.5 million, with an accordion option for a S$39 million increase in commitments.

First Real Estate Investment Trust (First REIT) is a Singapore-based healthcare real estate investment trust (REIT).

Advising the Manager were Allen & Gledhill Managing Partner Jerry Koh (Picture) and Partner Jonathan Lee. Advising the Trustee was Allen & Gledhill Partner Foong Yuen Ping.

Involved fees earner: Jerry Koh – Allen & Gledhill LLP; Jonathan Lee – Allen & Gledhill LLP; Foong Yuen Ping – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: First REIT ; First REIT Management Limited;

Print Friendly, PDF & Email

Author: Sonia Carcano