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Keppel in JV to buy mixed-use Shanghai project for US$525m

SOHO Hongkou is strategically located and has a high occupancy rate of 97% as at March 2017

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The latest acquisition will position Keppel Land well to meet the growing demand for Grade A offices in Shanghai, says Mr Ang.

Singapore

KEPPEL Land China and Alpha Investment Partners have tied up with a co-investor to acquire an office and retail mixed-used development, SOHO Hongkou in Shanghai, China, for some US$525 million.

Keppel Land China and Alpha are wholly-owned units of Keppel Land and Keppel

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