IREIT Global’s S$126.7 Million Fund Raising

Allen & Gledhill advised IREIT Global Group Pte. Ltd. on the transaction.

IREIT Global announced a S$126.7 million equity fund raising by IREIT Global to part finance the Proposed Acquisition of  27 retail properties in France from Decathlon, by way of a (i) placement of approximately S$7 million of new units in IREIT Global to Bond Capital Partners and (ii) non-renounceable preferential offering of approximately S$119.7 million.

IREIT Global (SGX:UD1U) is the first Singapore-listed real estate investment trust with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe which is used primarily for office, retail and industrial (including logistics) purposes, as well as real estate-related assets.

Advising IREIT Global were Allen & Gledhill Managing Partner Jerry Koh (Picture) and Partner Teh Hoe Yue.

Involved fees earner: Teh Hoe Yue – Allen & Gledhill LLP; Jerry Koh – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: IREIT Global;

Author: Sonia Carcano