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KepLand invests US$70m in New York property

Alpha Investment to manage residential development that has retail component

Published Tue, Jul 29, 2014 · 10:00 PM

IN ITS very first investment in the US, Keppel Land is investing about US$70 million in a residential development in New York City.

The property, located in an established residential neighbourhood on the Upper East Side in Manhattan, will include a retail component as well.

It will be managed by Keppel's fund management subsidiary, Alpha Investment Partners.

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