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Keppel unit buys Shanghai commercial property for 493m yuan

Upon acquisition, it will undergo upgrading works to meet new market needs

Published Fri, Sep 27, 2019 · 09:50 PM

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 acqui…

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