Harry Elias Partnership LLP Represented Sun Venture in the acquisition of Robinson Point

The corporate and real estate practice groups of Harry Elias Partnership LLP recently acted for Sun Venture in the acquisition of Robinson Point, a 21-storey freehold CBD office block. The transaction was undertaken through the purchase of various intervening special purpose vehicles from AEW Value Investors Asia, a real estate fund focused in Asia.

Robinson Point was originally acquired by the AEW fund from CapitaCommercial Trust (CCT) for $203.23 million back in early 2010. The 15-year-old Robinson Point flourished under the Urban Redevelopment Authority’s Master Plan 2008, with a gross floor area on a 11.2 plot ratio and a net lettable area of 133,214 square feet, most of which has been leased to several units of CapitaLand Group. 

Alvin Teo, managing director of Sun Venture says “I have been working with the partners of the Firm since 1996. This is the biggest deal (in terms of value and prestige) for our group and the corporate and real estate teams displayed once again their competence in closing such a complex transaction and meeting deadlines successfully.  In spite of the complexities I really enjoyed working with the partners and their teams.”

Sun Venture is a Singapore-based real estate development and investment company, currently owning and managing various premium commercial developments in Singapore including 50 Scotts Road.