OUE Commercial Real Estate Investment Trust / OUE Hospitality Trust merger

3/2/2020

Merger

Value:

S$ 1.49 billion

Status:

Completed

Date:

3/2/2020

Overview:

Singapore REITs OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust have merged in a S$1.49 billion deal.
This is the first merger between a listed real estate investment trust and a listed business trust of different asset classes.
The merger has created one of the largest diversified Singapore real estate investment trusts with total assets estimated at S$6.9 billion.

Shah Shameer Ahmed - Researcher

Jurisdiction:

Singapore

Deal type:

Merger

Practice area:

M&A

Industry sector:

Real estate

Firm:

Allen & Gledhill

Party: OUE Commercial REIT Management (REIT Manager)

Party: DBS Trustee (Trustee)

Party: OUE (Sponsor)

Lawyers: Bor Jern Chua, Christopher Koh, Hoe Yue Teh, Jerry Koh, Kin San Ho, Mei Ann Lim, Sophie Lim, Yi Jia Wong, Yuen Ping Foong

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