United Engineers

United Engineers: takes on $372m loan from consortium of 5 banks, to finance development of a retail, hotel and office project that links 277 Orchard Rd (former Specialists Centre/ Hotel Phoenix) to 218 Orchard Rd (former Orchard Emerald), via a glass overhead bridge and underground pass with retail shops. Development to have total expected GFA of nearly 60k sqm, comprising ~500 rooms, 23.5k sqm of retail space and 3.5k sqm of office space.