S$648.8 million equity fund raising by Lendlease Global Commercial REIT

Rajah & Tann Singapore and Christopher & Lee Ong acted for Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited in relation to a S$648.8 million equity fund raising which comprised (a) a private placement to raise approximately S$400 million; and (b) a preferential offering to raise approximately S$248.8 million, undertaken by Lendlease Global Commercial REIT to part-finance its acquisition of the remaining 68.2% effective interest in an integrated office and retail property known as Jem.

Partners Raymond Tong and Cynthia Wu from Rajah & Tann Singapore led the transaction, alongside Partners Yon See Ting and Looi Zhi Min from Christopher & Lee Ong.