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Keppel sells Shanghai mall stake for S$73m profit

Sale is in line with its property arm's strategy to continually recycle assets for higher returns
Friday, September 16, 2016 - 05:50
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Life Hub @ Jinqiao, in the Pudong district, has 114,730 square metres of gross floor area of retail shops over 10 low-rise buildings. The development also includes a 10-storey office tower with a retail podium.

Singapore

PROPERTY and rigbuilding group Keppel Corporation has sold its stake in a Shanghai mixed-use development that will reap its subsidiary Keppel Land a S$73 million profit.

The mall, Life Hub @ Jinqiao, is located in Shanghai's Pudong district. Completed in end-2009, it has

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