We are delighted to announce that Legal Solutions LLC, our joint law venture partner in Singapore (where we operate as Kennedys Legal Solutions), acted on the recent sale of Shenton House. This prominent development was sold on 1 November 2023 at the price of SGD 538 million which represents a significant transaction in the commercial property sector.
Our specialist property team at Legal Solutions LLC advising on the sale is comprised of Directors and Partners Patrick Ee and Christopher Yong, along with Senior Associates, Amanda Tai and Alson Tan and Claudia Lui, Associate.
Situated in Singapore’s Central Business District, Shenton House is a 25-storey commercial complex comprising of 203 units and a carpark with a prominent triple frontage along Shenton Way, Park Street and Shenton Lane. It also has a seamless connection to Shenton Way MRT, providing an exceptional redevelopment opportunity for developers.
As one of Singapore’s most recognisable landmarks, Shenton House was the first high-rise structure in Singapore, which paved the way for development opportunities in Singapore and continued to serve as a significant hub for trade and commerce in Singapore.
Along with acting on the sale of Shenton House, our specialist property team at Legal Solutions LLC has also advised on over 50 collective sale projects, comprising residential, commercial and mixed-use developments.
Link to news source: Edgeprop.sg