One asset, three seats (EN)

Built for the webinar Singapore CRE for LPs, GPs and family offices. Beat 1: Treverton screens the Project Teal memorandum and Ellie puts tenure first, shows Buyer's Stamp Duty as its own line, treats GST as a question, states property tax at 10 per cent of the revised Annual Value, and finds the served break the memorandum omits; three of five mandate tests fail. Beat 2: Carradale Fund IV closes August from Kerridge's packs on the house chart of accounts, dual materiality thresholds per line, a named cause and reverse-or-persist on every flagged line, including a GST-inclusive posting found in the invoice register. Beat 3: Tessera, as LP, reconciles the Fund IV capital account line by line and catches the management fee charged on Commitments instead of Invested Capital (US$439,327 for the quarter); the look-through shows one tenant behind 40 per cent of the book across three of four vehicles; the covenant rolled forward on the facility's own definitions reaches the cash trap at 31 December 2026 and fails at 31 March 2027; and the pack runs itself at 07:00 Singapore time on the fifth working day. Every figure clicks through to its source.