OUE Commercial REIT acquisition of One Raffles Place

Overview:

• OUE Commercial REIT has received a term loan facility, arranged by Standard Chartered Bank and Australia and New Zealand Banking Group, for the purpose of part financing the S$1.15 billion ($852 million) acquisition of an indirect interest in One Raffles Place.
• An 83.33% indirect interest in OUB Centre has been acquired from OUE via the acquisition of its wholly-owned subsidiary Beacon Property Holdings.
• Details on the financing are not public. 

Katrin Kostadinova - Data analyst