S$404 million proposed acquisition of five logistics properties located in Australia and fund investments, and S$188.7 million equity fund raising by ARA LOGOS Logistics Trust Management Limited
Allen & Gledhill advised ARA LOGOS Logistics Trust Management Limited, as manager of ARA LOGOS Logistics Trust (“ALOG”), as transaction counsel, on the approximately S$404 million proposed acquisition of five logistics properties located in Australia and investment in two funds managed by related parties (collectively, “Proposed Acquisitions and Fund Investments”).
To partially finance the Proposed Acquisitions and Fund Investments, approximately S$188.7 million was raised through an equity fund raising (“Equity Fund Raising”) comprising (i) a private placement of approximately S$50 million, (ii) subscription of new units by investors of up to approximately S$88.7 million and (iii) a pro rata and non-renounceable preferential offering of approximately S$50 million.
Advising ALOG were Allen & Gledhill Managing Partner Jerry Koh and Partner Teh Hoe Yue.
