April 27, 2017 2:42 PM ET

Real Estate Management and Development

Company Overview of Ocean Properties LLP

Company Overview

Ocean Properties LLP develops, owns, and operates commercial property such as Ocean Financial Centre. The company was founded in 1963 and is based in Singapore. Ocean Properties LLP is a former subsidiary of Straits Property Investments Pte Ltd.

10 Collyer Quay

#05-08 Ocean Bldg

Shentonway

Singapore,  049315

Singapore

Founded in 1963

Phone:

65 6538 8755

Fax:

65 6533 1157

Key Executives for Ocean Properties LLP

Ocean Properties LLP does not have any Key Executives recorded.

Ocean Properties LLP Key Developments

Ocean Properties LLP Obtains the Loan Facility of SGD 505 Million

Ocean Properties LLP has obtained the SGD 505 million Loan Facility on June 28, 2016. Under the terms and conditions of the loan facility agreement, the total commitments shall be cancelled and all the outstanding loans shall be repayable if: the Manager ceases to be the manager of Keppel REIT and a wholly-owned (direct or indirect) subsidiary of Keppel Corporation Limited or Keppel Land Limited is not appointed as a replacement or substitute manager of Keppel REIT in accordance with the terms of the Keppel REIT trust deed and applicable law prior to such cessation; or the Manager ceases to be a wholly-owned (direct or indirect) subsidiary of Keppel Corporation Limited or Keppel Land Limited. Assuming that the occurrence of a Prepayment Event would cause OP LLP to be required to repay the outstanding loans of the loan facility and such events were to cause a cross default under other borrowings of the Keppel REIT group, the aggregate level of facilities that may be affected is estimated to be, as at the date of this announcement, approximately SGD 3,001.0 million (excluding interest and fees).

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Recent Private Companies Transactions

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