Southeast Asia’s largest real estate transaction in 2022 – Link Real Estate Investment Trust’s S$2.16 billion acquisition of suburban retail assets

Rajah & Tann Singapore is acting for Link Real Estate Investment Trust (“Link REIT”) in its first acquisition in Singapore – the approximately S$2.161 billion acquisition of suburban retail assets, Jurong Point and Swing By @ Thomson Plaza, from Mercatus Co-operative Limited, a subsidiary of NTUC Enterprise Co-operative Limited. The acquisition provides Link REIT with a strong foothold in Singapore and the opportunity to build in-market capability. We are also advising Link REIT on its 10-year asset and property management of AMK Hub which will remain under the ownership of Mercatus, and the retention of employees for the management of Jurong Point, Swing By @ Thomson Plaza and AMK Hub. Partners Evelyn Wee, Benjamin Tay and Loh Chun Kiat are leading the transaction. They are assisted by Partners Elsa Chai and Lina Chua, Kala Anandarajah, Benjamin Cheong, Anne Yeo and Vikna Rajah.