(Tuesday 19th December 2023) Swan & Maclaren Group (“Group”) today announced that they have appointed DBS as their exclusive placement agent for the Group’s upcoming Accelerate Series fund raise. The Group plans to raise between S$15-S$20 million from strategic and institutional investors via the issuance of new shares. The Accelerate Series fund raise will facilitate the Group’s strategic shift towards environmentally sustainable designs and technology advancements in the building solutions space. The proceeds are expected to be allocated towards building up core and new competencies, deepening the regional talent bench and positioning the Group to benefit from future growth trends in renewables, decarbonisation, high-performance urban design and AI adoption.

Robert Yap, Executive Chairman of Swan & Maclaren Group stated, “The total built environment industry is faced with significant winds of change where technological innovation, sustainability transformation and renewables solutions will be defining new champions. At Swan & Maclaren, we have been investing and will continue to even move faster and deeper in these new competencies.”

Art Anuruk Karoonyavanich, Head of Capital Markets, Singapore, DBS Bank, noted: “Environmentally sustainable buildings will play a crucial role in achieving a low carbon future, especially with urban populations projected to grow rapidly over the coming decades. With over a century of track record in designing some of the most iconic buildings in Singapore, we are pleased to support Swan & Maclaren Group in reshaping a sustainable urban environment across the region.”

Swan & Maclaren Group comprises designers and engineers specializing in environmental rejuvenation and adaptive reuse of buildings, infrastructure and other related built domains.