Commercial Collective sale of Tanglin Shopping Centre in Singapore
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 Tanglin Shopping Centre which was sold for SGD 868 million.
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 Amanda Tai, Senior Associate and Alson Tan, Associate.
With a prominent frontage along Tanglin Road and Cuscaden Road, Tanglin Shopping Centre is a 12-storey commercial complex comprising of 364 units, with two basement levels and an annex eight-storey carpark.
Given its proximity to the public transport network from the Orchard Boulevard MRT Station and Orchard MRT station, it is also connected to a plethora of amenities which includes the Orchard Road shopping belt, renowned medical establishments notably, Camden Medical Centre and Gleneagles Hospital, exclusive private clubs such as Tanglin Club and The American Club and the Singapore Botanic Gardens, a UNESCO world heritage site.
As one of Singapore’s earliest retail landmarks in a prominent location, Tanglin Shopping Centre presented an exceptional redevelopment opportunity for developers who sought to create an iconic development in Singapore befitting the property’s heritage.
Along with acting on the sale of Tanglin Shopping Centre, our specialist property team at Legal Solutions LLC has also advised on over 45 collective sale projects, comprising residential, commercial and mixed-use developments.
On the sale of Tanglin Shopping Centre, Patrick Ee states: "We are honoured to continue being the legal advisers of choice on high-profile collective sales such as Tanglin Shopping Centre, which is another iconic & well known commercial development here in Singapore."
Christopher Yong added: "Our involvement in the sale of Tanglin Shopping Centre is further testament to the leading expertise and experience we hold across our specialist property team. It is a pleasure for us to be involved in another high-profile deal like this and we extend our congratulations to all parties involved!"