Keppel Land acquires Shanghai mall
It is paying 500m yuan for newly completed retail development
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Singapore
KEPPEL Corp's real estate subsidiary Keppel Land China is acquiring a newly completed retail development in Shanghai's Jiading District for 500 million yuan (S$102 million).
The retail development has a gross floor area of 40,927 square metres (sqm) and a net lettable area of about 32,800 sqm. It is part of a mixed-use development comprising offices, shops and residential towers. Keppel Land Retail Management will be appointed manager.
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