Silver Oak has closed a securitisation offer to further fund the acquisition of a new property in Singapore. The $552 million-equivalent raised from the deal arranged by HSBC will help pay for Raffles City. This is a development that includes Raffles City Shopping Centre, Raffles City Tower, Raffles City Convention Centre, Raffles the Plaza and Swissotel The Stamford.
Silver Oak is a special-purpose vehicle incorporated in Singapore. The properties are managed by CapitaLand Property Management, a joint venture formed by CapitaLand Commercial Management and CapitaLand Retail Management.
The originator of the deal is RCS trust.
The new deal prices inside or at the tight end of suggested price talk.
The deal consists...
¬ Haymarket Media Limited. All rights reserved.