The proposed fund will be Keppel Capital’s first retail-focused real estate fund Keppel Corp said on Monday (Aug 6) a unit of its asset management arm had entered a memorandum of understanding with Australia's Vicinity Centres to establish a private fund. The companies intend to invest in an initial A$1 billion (S$1.01 billion) portfolio of Australian retail properties currently owned by Vicinity,...
Keppel Corp
Keppel Corp will consolidate its interests in four asset management businesses under one subsidiary, saying the move will help expand its capital platform. The restructuring would not change the unit-holdings in the property trusts or investments in the funds, it said in a statement. The businesses currently manage S$26 billion of assets. The consolidation would include the managers of Keppel...
Keppel Corp will extend the closing date of its offer to buy up the remaining shares of Keppel Land to March 26. The offer was due to expire on Thursday (Mar 12). As of Wednesday, Keppel Corp controls 80.8 per cent of the total number of issued shares. This is short of the 90 per cent level needed to take the property giant private. Earlier this year, Keppel Corp, the world's largest rig builder, offered...
Keppel Corp's offer to buy over the remaining shares of Keppel Land for up to S$3.2 billion has been described as "not fair but reasonable" by independent financial adviser KPMG Corporate Finance. KPMG Corporate Finance, which is advising Keppel Land's independent directors, said that while Keppel Corp's base and higher offer prices of S$4.38 and S$4.60 per share were made at substantial premiums to...
Keppel Corporation on Friday (Jan 23) launched a voluntary unconditional cash offer for all the remaining shares of subsidiary Keppel Land. Keppel Corp, the world's largest maker of offshore oil rigs, currently owns 54.6 per cent of Keppel Land, a major Singapore property developer. Keppel Corp said it is offering a base offer price of S$4.38 for each Keppel Land share. A higher offer price of S$4.60...
Keppel Corp plans to build an international school in Tianjin, China. It is teaming up with education groups EtonHouse International and Chiway Holding to develop the first international school in the Sino-Singapore Tianjin Eco-City. The three partners will also jointly develop residential apartments on an adjoining site 10-hectare site. Together they plan to invest as much as 1 billion yuan (S$220...