CNPLaw acted for Innovare Management Singapore Pte Ltd., Nxtmove Pte. Ltd., and UOB in the sale and purchase, loan redemption and leaseback of two units of commercial property worth SGD 1.4 Million

Deals and cases

 

CNPLaw acted for Innovare Management Singapore Pte Ltd., Nxtmove Pte. Ltd., and UOB in the sale and purchase, loan redemption and leaseback of two units of commercial property worth SGD 1.4 Million


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 propertiesConcurrently, 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.  

 

CNPLaw’s Corporate Real Estate Lawyer

Chan Wai Mun Partner at CNPLaw LLP

Partner

Wai Mun heads the firm’s real estate team and is also a member of the family practice team. He has more than 10 years of experience in litigation and commercial work.



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.





    Practice Area: Corporate Real Estate