Keppel Land

[Contrarian]

And their ability to sell at sky high prices for their Reflections, Corals and Glades amaze me.

Many of the bank sales from Reflections :-)

[Contrarian]

Keppel takes control of Hong Kong mall manager

by Inside Retail Asia on December 19, 2014

Keppel Land has taken a 75 per cent stake in Hong Kong’s Array Real Estate to create a joint venture to develop and manage retail assets.

Singapore-based Keppel has a portfolio of residential, retail and commercial properties in its core markets of Singapore and China and in developing markets Vietnam and Indonesia.

Array has a strong track record in the development, management and marketing/leasing of retail malls. Its clients include property owners and property funds in Singapore and the wider region. Collectively, its has one of the largest retail portfolios in Singapore.

In a statement, Keppel said Array’s experienced senior management team has collectively played key roles in the development and/or mall management of some 3 million sqft of retail space, including Jurong Point Shopping Centre, Heartland Mall, Century Square, Tampines One, Hougang Mall, Tiong Bahru Plaza, White Sands, Liang Court and Taimall in Taiwan.

Array CEO Michael Leong will continue to lead his team of more than 20 real estate professionals.

Ang Wee Gee, CEO of Keppel Land, said the partnership will strengthen Keppel Land’s commercial expertise.

“The company will also leverage Array’s experience and network to capture opportunities in retail and mixed-use projects both locally and abroad.”

Keppel Land has developed large-scale projects such as the Marina Bay Financial Centre in Singapore and acquired the mixed-use development, Life Hub @ Jinqiao, in Shanghai, China, last year. The company is expanding its mixed-use developments in Vietnam and the Philippines, namely the 37-storey office tower in Saigon Centre Phase Two in Ho Chi Minh City and the 42-storey office building and retail mall extension of the SM-KL Tower project in Manila.

Completion of the purchase of Array is expected to settle in January 2015.

Looks like Keppel Land wants to rival Capitaland on retail REITs....

[opmi]

My ranking for SG Retail mall mgrs (in descending order):

Capitaland
Jurong Point
Frasers Centrepoint
Lend Lease (Parkway)
Asiamalls
CDL (so so. City Sq Mall)
FEO (lousy)




Sent from my iPhone using Tapatalki

[Contrarian]

In terms of NPI performance, Frasers Centrepoint Trust is highest

[corydorus]

Don't be surprise that Dividend Yield may not be highest. So a few measures to look at.

[cyclone]

Keppel Land expands in Jakarta with new residential site.

Singapore, 18 January 2015 – In line with its strategy to further grow its portfolio in Indonesia, with a focus on Greater Jakarta, Keppel Land Limited (Keppel Land) has signed a conditional agreement to secure a 4.6-hectare site for approximately Rp 381.9 billion (approximately S$40.2 million) in West Jakarta. Keppel Land will subsequently enter into a sales and purchase agreement for the site to develop a high-rise condominium with ancillary shophouses and shop units.
...
To be launched in phases, the development will comprise more than 4,000 apartment units ranging from studio apartments to three-bedroom units. Targeted at homebuyers in the middle income segment, the first phase of the development is expected to be launched in 2017.
...

http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

[kelvesy]

Nice! Jakarta seems really attractive after Joko Widodo took over as President of the country.

Removing barriers to foreign investments, channel budgets into infrastructure and ports, clamping down on corruption...

[Contrarian]

This company management seems to be very proactive - from buying retail property manager to going out into the growth markets.

[Layman A]

Trading halted !

Could the rumor of Keppel Land privatization become a reality ?

[FA+TA]

Trading halted !

Could the rumor of Keppel Land privatization become a reality ?

Not confirmed but reported in ST online & LHZB online:
http://www.straitstimes.com/news/busines...g-halt-sha
http://www.zaobao.com.sg/realtime/singap...121-437881