Date Published: 31 March 2020
The Team: Chan Wai Mun and Laura Lim.
CNPLaw acted for Innovare Management Singapore Pte Ltd (the vendor) and UOB in the redemption of two commercial loans secured over the two properties. Concurrently, we also acted for the vendor and Nxtmove Pte. Ltd. (the purchaser) to sell and purchase the same properties as a friendly parties transaction following from an M&A transaction involving the sale of shares of the vendor to an investor. Upon completion of the sale and purchase of the two properties, there was an immediate leaseback arrangement to the vendor on terms which we helped parties to negotiate.
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CNPLaw’s Real Estate practice has the expertise, experience and resources to handle work spreading across the residential, commercial and industrial asset classes, and to advise on all aspects of property transactions in Singapore. Our major clients include multinational corporations (MNCs), small and medium-sized enterprises (SMEs), property developers, construction companies, property funds, property-holding entities, asset managers, family offices, non-profit organisations, real estate investment trusts (REITs), as well as government agencies.