Prime US REIT’s $80 Million Private Placement

Allen & Gledhill advised KBS US Prime Property Management Pte. Ltd, in its capacity as the manager of Prime US REIT.

Prime US REIT raised US$80 million in a private placement.

DBS and Credit Suisse were the joint lead managers and underwriters for the deal.

Prime US REIT (SGX: OXMU) is a Singapore REIT managed by KBS US Prime Property Management Pte. Ltd that was incorporated in Singapore under the Companies Act on 26 July 2018.

Advising the Manager 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: KBS US Prime Property Management Pte. Ltd;

Author: Sonia Carcano