Lian Beng Group’s S$118 Million Acquisition of BreadTalk IHQ Building

Rajah & Tann assisted BreadTalk Group on the transaction.

A consortium led by mainboard-listed Lian Beng Group is set to buy the BreadTalk IHQ Building in Tai Seng in an S$118 million sale-and-leaseback deal.

BreadTalk Group, which was privatised by its founders last year, will rent the property as an anchor tenant for an initial 10 years.

Lian Beng, which holds a 75 per cent stake in the consortium, plans to fund its share of the purchase through bank borrowings and/or internal resources.

Meanwhile, another 5 per cent of the joint venture is held by 32RE Investments, tied to an associate of Lian Beng spin-off SLB Development.

The third partner, with a 20 per cent interest, is Apricot Capital, a private investment firm by the Super Group’s Teos.

The Rajah & Tann team was led by Partner Elsa Chai (Picture). 

Involved fees earner: Elsa Chai – Rajah & Tann LLP;

Law Firms: Rajah & Tann LLP;

Clients: BreadTalk Group Limited;

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Sonia Carcano

Author: Sonia Carcano