Pacific International Lines
01 Project Details
|Address||140 Cecil Street, PIL Building, Singapore 069540|
|Seller||Pacific International Lines (PIL)|
|Buyer||TE Capital and Lasalle Investment Management (LIM)|
|Deal Structure||100% interest|
02 The Challenge
03 The Solution
04 The Result
C&W worked hand-in-hand with the client through the entire sale process, including the OPP and land lease renewal, and successfully divested the property at a price above the asking price.
With the divestment, the client was able to carry out their restructuring plan successfully ahead of schedule while enjoying a leaseback period on their desired terms. The purchasers were delighted that they were able to acquire a prime office asset with full freehold land tenure status and significant redevelopment potential within Singapore’s financial hub.
Meet the Team
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