Claire Wu is a partner in our Real Estate practice.
Claire's experience encompasses real estate acquisitions and disposals, project development work, real estate finance and landlord and tenant transactions.
She acts for institutional clients including real estate developers, multinational corporations, property funds, asset managers, real estate investment trusts (REITs) and banks.
- Far East Organization: Acting on the sale of 181 Soho-style apartments in the 338-unit The Tennery. The units were sold at prices ranging from S$950 per square foot (psf) to S$1,300 psf. The 99-year leasehold The Tennery is part of an integrated residential and retail development Far East is building on the Ten Mile Junction site it won in a government tender for S$164 million in February 2010, in which Dentons (formely Rodyk & Davidson LLP) also acted.
- Mapletree Logistics Trust Management Ltd: Acting on the divestment of property at 9 Tampines Street 92 to Trans-cab Services Pte Ltd for a total consideration of S$12.5 million. The property comprises a two-story industrial warehouse and an ancillary office block with a total approved gross floor area of approximately 11,089 square meters.
- Lenders led by the National Australia Bank: Acting in the grant of restructured credit facilities, amounting to S$470 million, to Cambridge Industrial Trust Management. Part of the restructured facilities was used to finance the purchase of several new properties.
- Mercatus Co-operative Ltd: Acting in its purchase of a 50 percent stake in nex shopping mall from a Pramerica Asia fund, which values the Serangoon-located shopping mall at S$1.65 billion. This is possibly the biggest property investment deal of the year.
- Burlington Square Properties Pte Ltd and Burlington Square Investment Pte Ltd: Acting for in the sale of 66 office strata units in Burlington Square worth S$89.3 million.
- CapitaCommercial Trust (CCT): Acting in its $430 million acquisition of FirstOffice, a special purpose vehicle (SPV) that holds 20 Anson
- Mapletree Logistics: Acting in its divestment of a property located at 39 Tampines Street 92 for S$14.7 million
- CapitaCommercial Trust Management Limited, the manager CapitaCommercial Trust (CCT): Assisting in the transaction of sale of Starhub Centre at the price of S$380 million. The sale was carried out by way of private tender.
- I8 Investment Holding Co Pte Ltd: Acting in acquisition and leaseback of 50 Keong Saik Road (also known as Hotel 1929), worth S$35 million.
- CapitaLand: Acting on S$91.8 million acquisition of the Big Orange self-storage business from Invista Real Estate International Holdings (Cayman) Limited, including the business of managing and operating self-storage facilities carried on by Big Orange Self Storage Singapore Pte Ltd. CapitaLand operates its self-storage business through the Storhub brand. With this acquisition, it will become the largest self-storage company with the widest local network in Singapore.
- OUE Limited's: Acting in connection with the S$299.5 million acquisition of Crowne Plaza Changi Airport from LaSalle Asia Opportunity II SARL and LC Hotels Pte Ltd. The purchase of the 320-room hotel next to Changi Aiport's Terminal 3 was structured as a corporate real estate transaction, and won the Best Single Asset Transaction Award at the HICAP Conference in Hong Kong in 2011.
- OUE Limited: Acting in connection with the S$870.5 million purchase of DBS Tower One and Two from a Goldman Sachs real estate fund.
- Five-bank syndicate comprising DBS, OCBC Bank, Commonwealth Bank of Australia, Societe Generale and ING Bank: Acting on the mortgage and real estate aspects connection with S$496 million loan facility to Starhill Global Reit. OCBC was the facility and security agent. The facility was secured against Starhill's interest in shopping and office complex Ngee Ann City
- Ho Bee Developments Pte Ltd: Acting for a subsidiary of Ho Bee Investment Ltd in the sale of two investment properties for a total of S$144.42 million. TG Building, a four-story warehouse located at 222 Tagore Lane, was sold for S$33 million. This translates to about S$254 psf of GFA. Ho Bee also agreed to sell its four floors of office space (levels 8,9,10 & 11) with a total floor area of 52,431 sq ft at Samsung Hub, located at Church Street, for S$111.42 million. This translates to S$2,125 psf.
- Co-author, "The Impact Of The Additional Buyer's Stamp Duty On Matrimonial And Family Home Purchases," Rodyk Reporter - Property Notes, March 2013
Activities and Affiliations
- Leasing - What You Need To Know, April 28, 2009
- Law Society of Singapore
- Singapore Academy of Law
Prior and Present Employment
- Partner, Dentons Rodyk (formerly Rodyk & Davidson LLP), 2008–present