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COMMERCIAL PROPERTY | Staff Reporter, Singapore

Keppel Land purchases 22.4% stake in Katong mall for $51.4m

The acquisition beefs up the firm’s retail properties.

The 112 Katong lifestyle mall would be getting a facelift soon as it will be influenced by the expertise of Keppel Land Retail management, which will be appointed as the retail manager for the property following the acquisition.

According to a press release by Keppel Land, the remaining 77.6% stake is held by Alpha Asia Macro Trends Fund (AAMTF), which is managed by Alpha Investment Partners, a property fund management vehicle of Keppel Land.

Ang Wee Gee, CEO of Keppel Land said the firm will focus on strengthening the mall’s positioning as a lifestyle and dining destination.

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