Keppel's Alpha in 3-way tie-up to invest in Indonesia's logistics property sector

Singapore

KEPPEL Corporation's Alpha Investment Partners, Manulife subsidiary Asuransi Jiwa Manulife Indonesia, and Mega Manunggal Property (MMP) have entered into a new venture focusing on Indonesia's logistics property sector.

Comprising Keppel-MMP Indonesia Logistics Fund and an Indonesian parallel fund, as well as co-investment capital from Manulife, the venture has an initial target size of US$200 million.