Aug 6 (Reuters) - Keppel Corporation Ltd KPLM.SI :
- KEPPEL CORPORATION LIMITED (KEPPEL CAPITAL TO ESTABLISH NEW A$1 BILLION WHOLESALE AUSTRALIAN PROPERTY FUND WITH VICINITY)
- UNIT ENTERED INTO A MEMORANDUM OF UNDERSTANDING (MOU) WITH VICINITY CENTRES TO ESTABLISH A NEW PRIVATE FUND
- PARTIES TO MANAGE PROPOSED FUND THROUGH A JOINT VENTURE WHERE KEPPEL CAPITAL AND VICINITY WILL EACH HOLD A 50% STAKE
- KEPPEL CORPORATION- EACH PARTY IS EXPECTED TO INITIALLY HOLD UP TO 10% STAKE REST IN PROPOSED FUND, WHICH IS TARGETED TO CLOSE BY END OF Q1 2019
- VICINITY IS EXPECTED TO INITIALLY INJECT APPROXIMATELY A$1 BILLION OF RETAIL ASSETS INTO PROPOSED FUND
Aug 6 (Reuters) - Keppel Corporation Ltd KPLM.SI : KEPPEL...
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