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Notable
Recent Transactions |
| Harry Elias Partnership recently
advised its clients on their respective first iconic
architecture in Singapore.
For example:
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- Harry Elias Partnership recently acted for
Acertec Engineering Ltd, a public listed company
on the London Stock Exchange, in the S$48 million
divestment of its entire shareholdings in BRC
Asia Limited to HG Metal Pte. Ltd., a subsidiary
of Singapore-listed HG Metal Manufacturing Ltd.
The purchase consideration was payable in two
tranches, the first tranche of S$38.4 million
was paid on the first completion, with the remainder
second tranche consideration being payable 12
months thereafter.
- The Firm has been recently appointed as the
legal advisor to South Beach Consortium Pte
Ltd, a joint venture between City Developments
Limited (Singapore), Istithmar World Real Estate
(Dubai), and US-based Elad Group, in the real
estate development of the 3.5-hectare S$2.5
billion South Beach Project, an iconic environmentally
friendly commercial and residential complex
set to become a ‘revolutionary New Eco-Quarter
in Singapore’ when it is completed by
2012, comprising premium office space, luxury
hotels, residential apartments and retail space
and including the restoration of four conservation
buildings — the former Non-Commissioned
Officers' Club building and part of the former
Beach Road Camp.
- the Firm is the legal advisor to Singapore
Flyer Pte Ltd, the developer of the FIRST and
largest giant observation wheel in Singapore;
- the Firm acted for Singapore Health Partners
in relation to the tender for the purchase of
land, the syndicated loan facilities and the
construction documents relating to the construction
of the FIRST mediplex in Singapore comprising
a hospital, hotel and medical centre with total
costs of over SGD$600 million;
- the Firm acted for Marina Bay Sands Pte Ltd,
a subsidiary of Las Vegas Sands Corporation,
in relation to a bid for the concession to operate
the first casino in Singapore as part of the
most expensive Integrated Resort in the world,
the related syndicated loan facilities and subsequent
re-financing, the construction documents. This
project is estimated to cost over SGD$5 billion;
- the Firm acted for Jurong International in
respect of the letter of acceptance, conditions
of contract, performance bond and other ancillary
documents in respect of the Singapore Formula1
Race Pit Building Project, for the world’s
FIRST Formula1 night race.
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