Keppel unit buys Shanghai commercial property for 493m yuan
Upon acquisition, it will undergo upgrading works to meet new market needs
Add BT as a preferred sourceNg Ren Jye
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
KEPPEL Corp said on Friday that its subsidiary, Keppel Land China, has acquired a commercial property in Shanghai's Pudong New District in China for 493 million yuan (S$95.5 million). Zhangjiang Micro-electronic Port Block #3 is a four-storey development with a gross floor area of about 14,518 square metres.
Upon completion of the acquisition, expected by the fourth quarter of this year, the vacated property will undergo enhancing and upgrading works to meet new market needs, Keppel Corp said in an exchange filing.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
