Recently, the syndicate consisting of DBS and UOB has successfully provided a syndicated loan in an aggregate amount of hundreds of millions of RMB to Grand Millennium Beijing under City Developments Limited. The Zhong Lun team, led by Shirley Lu (partner) and also composed of Jianwei Yang and Feifei Qiu (associates) from Shanghai Office, acted as legal counsel for the syndicate and provided full-range legal services for this re-financing project.
As a Singapore listed company, City Developments Limited possesses one of the largest land banks in Singapore and is one of the biggest real estate developers in Asia. Its business mainly involves in real estate development and investment, and hotel ownership and management. Grand Millennium Beijing, seated at the central commercial and business spot of Beijing, is a five-star hotel.