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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Anita Gabriel
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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 Capital Holdings, respectively, which in turn are wholly-owned by Keppel Corp.
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