Keppel unit, Allianz in S$1.3b Beijing deal

Singapore

KEPPEL unit Alpha Investment Partners is jointly acquiring an 85 per cent interest in a Grade A office complex in Beijing with Allianz Real Estate for S$1.3 billion.

Alpha is the private fund management arm of Keppel Capital - the asset management arm of Keppel Corp.

The remaining 15 per cent stake in the complex - called Ronsin Technology Center - will continue to be held by seller D&J China, which will now manage the property together with Alpha and Allianz, Keppe…