Keppel Capital's fund buys 3 Grade A commercial buildings

Singapore

KEPPEL Capital's Alpha Asia Macro Trends Fund III fund (AAMTF III) is buying three Grade A commercial buildings in Seoul's business districts for KRW 430 billion (S$504.7 million) from a Korean asset management company.

Keppel Investment Management, the asset management arm of Keppel Capital in South Korea, will be appointed the local asset manager for the three buildings, which are all freehold.