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Notable Recent Transactions
 
 
Notable Recent Transactions
Harry Elias Partnership recently advised its clients on their respective first iconic architecture in Singapore.

For example:

  1. 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.

  2. 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.

  3. the Firm is the legal advisor to Singapore Flyer Pte Ltd, the developer of the FIRST and largest giant observation wheel in Singapore;

  4. 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;

  5. 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;

  6. 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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