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Keppel Land divests 100% interest in First King Properties for $131.1 mil

Felicia Tan
Felicia Tan12/24/2020 08:38 AM GMT+08  • 2 min read
Keppel Land divests 100% interest in First King Properties for $131.1 mil
The divestment will see a gain on disposal of some £6.8 million, including fair value adjustment to be recognised in the 2HFY2020.
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Keppel Land, through its indirect wholly-owned subsidiary, West Gem Properties, is divesting its 100% stake in First King Properties for £73.6 million ($131.1 million).

The stake will be sold to ZGC King William Holdings, an entity that’s wholly-owned by a fund managed by London and Oxford Capital Markets.

First King owns a freehold nine-storey office building in the City of London at 75 King William Street.

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