Friday, February 15, 2013

Keppel Land in JV to acquire Shanghai property

Feb 15, 2013 -

Keppel Land China has entered into a deal with its property fund management arm Alpha Investment Partners (Alpha) to acquire Lifehub @ Jinqiao (pictured), a mixed-use development in the Pudong district of Shanghai, China.

This is the first time that Keppel Land China and Alpha are collaborating to acquire a premium property in a well-located area in Shanghai. This is also in line with our strategy to scale up in highgrowth cities such as Shanghai where Keppel Land China has established a firm foothold,” said Ang Wee Gee, Chief Executive of Keppel Land.

Lifehub @ Jinqiao comprises 10 low-rise retail buildings and a 10-storey office tower on top of a three-storey retail podium. It has a gross floor area (GFA) of 98,630 sq m for retail use and 16,102 sq m for office space.

The mall has been in operation since end-2009 with an average of 1.25 million visitors monthly, and is currently more than 99 percent leased.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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