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Singapore-based Keppel Corp will sell 70 percent stake in a waterfront township project to a Vietnamese investor for $100 million. The company said in a release Monday that, pending certain developments, it will sell its stake in the Dong Nai Waterfront City…
Keppel Land, the property subsidiary of Singaporean conglomerate Keppel Corporation, is in a partnership to develop its first commercial property in India. The group has acquired a well-located 3.09ha site from Metro Cash & Carry India in Yeshwanthpur through…
Keppel Land China Ltd and Alpha Investment Partners Ltd (Alpha) have divested their 80 per cent stake in Sparkle Bright Holdings Limited (Sparkle Bright) for $516.9 million. Keppel Land China and Alpha signed an agreement with Star Champ Development Ltd, a…
Property firm Keppel Land opened a mall in Ho Chi Minh City yesterday as part of plans to increase its presence in Vietnam. The mall in Saigon Centre has 55,000 sq m of retail space and is already fully leased with over 400 international and local brands, the…
Keppel Reit has divested its 100% interest in 77 King Street in Sydney, Australia to ARE Noble Pty Ltd, a wholly-owned subsidiary of Invesco Asia Core Fund for A$160 million (S$160 million), resulting in a divestment gain of A$28 million (S$28 million). 77…
Keppel Land’s full year net profit jumped 45% to $701 million from $482 million a year ago. Full year revenue for FY2015 rose 11% to $1.9 billion from $1.7 billion a year ago. The group sold about 4,570 homes, double the units taken up in 2014. About 3,280 of…
Keppel Corp’s property arm Keppel Land has acquired a 22.4% interest in 112 Katong Mall from BHG Holdings, Imagine Properties and Perennial Singapore Investment Holdings for $51.4 million in cash. The remaining 77.6% stake is held by a fund managed by Alpha…
