Bernadette TAN

Significant transactions that Bernadette has been involved in include advising / acting for the following:

• ESR Funds Management (S) Limited, the manager of ESR-REIT, in the S$700 million financing granted to ESR-REIT for the acquisition of the units in Viva Industrial Trust by way of a scheme of arrangement, which won "Best Singapore Deal" in Finance Asia's Achievement Awards 2018.
• A club of lenders in the financing of the offshore (Singapore) loan facility and the onshore (PRC) loan facility granted to BEAF Investments (HK) Limited (the "Offshore Borrower") and Global (Shanghai) Real Estate Development Co., Ltd. (the "Onshore Borrower") respectively in connection with the Offshore Borrower's acquisition of the Onshore Borrower which owns the Grade-A office building, Shanghai BEA Finance Tower.
• DBS Bank Ltd. and Perpetual (Asia) Limited in the capital call financing of up to US$200 million relating to the private equity bond issue by the Azalea Group (a Temasek subsidiary) incorporating a tranche targeted at retail investors, a structure which is believed to be a first in the world.
• TuasOne Pte. Ltd. (a joint venture between Hyflux Ltd. and Mitsubishi Heavy Industries, Ltd.) in the S$653 million project financing of, inter alia, the development, procurement, construction, operation and maintenance of a waste-to-energy plant with a contracted waste processing capacity of 2,400 tpd of waste and targeted to reduce the volume of solid waste by at least 90% and provide sufficiently high efficiency of electricity generation. This deal was the winner of the Asia Pacific Waste award at the renowned IJ Global Awards 2016.
• Marina South Investments Pte. Ltd., Ophir-Rochor Investments Pte. Ltd., MS Residential 1 Pte. Ltd., MS Residential 2 Pte. Ltd., MS Commercial Pte. Ltd., Ophir-Rochor Residential Pte. Ltd., Ophir-Rochor Commercial Pte. Ltd. and Ophir-Rochor Hotel Pte. Ltd. (which are wholly-owned subsidiaries of M+S Pte. Ltd., a joint venture company 60% owned by Khazanah Nasional Berhad and 40% owned by Temasek Holdings (Private) Limited) in the amendment and restatement of the S$5 billion loan facilities granted in 2012, for the development of two integrated projects (which include office, residential, hotel and retail components) in downtown Singapore located at Marina South and Ophir-Rochor.
• City Developments Limited in all three of its innovative financing structures (involving financing totalling approximately S$1.6 billion) as part of its ground-breaking "Profit Participation Securities" platform, involving the divestment of its interest in Summervale Properties Pte. Ltd., which owns Nouvel 18, a luxury freehold residential development located at 18 Anderson Road adjacent to the prime Orchard Road shopping belt, the acquisition of three prime commercial properties in Singapore (consisting of Central Mall, Tampines Grande and Manulife Centre) by a joint office investment platform between City Developments Limited and Alpha Investment Partners and monetising CDL's Sentosa Cove assets.

Related Practices

• Banking & Finance