Keppel Land

Keppel Land China Limited (Keppel Land China) has entered into a share sale and shareholder loan transfer agreement with Topchain Group (Topchain) to acquire a 30% stake in Win Up Global which will ultimately own Westmin Plaza, an office and retail development in Liwan District, Guangzhou, China. The investment amounted to approximately HKD141.4 million (approximately S$24.8 million) for cash consideration...

The collaboration marks Keppel Land China’s first foray into Nanjing and further expansion in the Yangtze River Delta region. Keppel Land China Limited (Keppel Land China) has formed a joint venture with Gemdale (Group) Co., Ltd. (Gemdale Corporation) to jointly develop an 8.8-ha prime residential site in Nanjing, China. Keppel Land China has entered into a share purchase agreement (SPA) with...

Keppel Land has acquired a 22.4 per cent stake in 112 Katong mall from BHG, Imagine Properties and Perennial Singapore Investment for S$51.4 million, Keppel Corp announced in a press release on Sunday (Jan 17). The remaining 77.6 per cent stake is held by Alpha Asia Macro Trends Fund, which is managed by Alpha Investment Partners, a property fund management vehicle of Keppel Land. Keppel Corp said...

Keppel Land topped off its latest commercial project, the International Financial Centre Jakarta Tower Two, in Jakarta's Central Business District on Tuesday (Aug 18). The developer is seeking to grow its commercial portfolio in key Asian cities. Singapore and China remain its core markets, but the firm sees Indonesia and Vietnam as key growth areas. Mr Sam Moon Thong, President (Indonesia) 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 Land on Monday (Feb 9) has entered into a sales and purchase agreement with Aberdeen Property Trust for a freehold nine-storey office building in the City of London for £91 million (S$186 million), it announced in a press release. The property, located at 75 King William Street, is said to be in close proximity to Bank Junction, London's historic and financial centre. Keppel said the investment...

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 Land is expanding its Indonesian portfolio with the acquisition of a 4.6-hectare site in West Jakarta for S$40.2 million. It plans to develop the site as a residential project for middle-income earners. Expected to be launched in phases from 2017, Keppel Land's upcoming development will comprise more than 4,000 apartment units ranging from studio apartments to three-bedroom units as well as...

Keppel Land has made its maiden investment in the United States by taking a stake in a prime New York City residential development. Keppel Land, one of Singapore's largest developers, said on Monday it will invest about US$70 million (S$87 million) in a residential property located on the Upper East Side in Manhattan. It will also comprise a retail component, and is a five-minute walk from office...