Alpha Investment Partners

Keppel's Alpha and Aliianz to jointly acquire 85% stake in Beijing office complex for $1.3 bil

SINGAPORE (Oct 16): Alpha Investment Partners, the private fund management arm of Keppel Capital, is partnering with Allianz Real Estate to jointly acquire an 85% stake in a Grade A office complex building in Beijing, China. 

In a bourse filing on Tuesday, Keppel Corp reported that the remaining 15% of the complex, Ronsin Technology Center, will continue to be held by the seller D&J China, a leading integrated business park and suburban office operator.

Successful conclusion to PPS2 gives outsized returns to investors

SINGAPORE (Apr 29): On April 19, EdgeProp reported that two adjoining eight-storey Grade-A office buildings at 7 and 9 Tampines Grande were sold to a joint venture between Evia Real Estate and Metro Holdings for $395 million. The purchase price translates into $1,373.45 psf, based on net lettable area (NLA). The buildings have a remainder lease of 87 years, and tenants include AIA, Hitachi Asia and BNP Paribas.

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Keppel's Alpha Asia Macro Trends Fund III raises about US$1.1 bil at final close

SINGAPORE (Jan 17): Alpha Investment Partners, the private fund management arm of Keppel Capital Holdings, said its Alpha Asia Macro Trends Fund (AAMTF) III, raised a total of about US$1.1 billion ($1.5 billion) at its final close, exceeding its initial target of US$1.0 billion.

The fund garnered a diverse group of institutional investors including pension funds, endowments and insurance companies. They comprise new investors as well as those from Alpha's existing investor base.

Keppel Data Centres and Alpha DC Fund to build maiden greenfield centre in Malaysia

SINGAPORE (Nov 26): Alpha Data Centre Fund (Alpha DC Fund) and Keppel Data Centres Holding have agreed to develop a high-availability build-to-suit (BTS) data centre in an industrial park in Johor, Malaysia.

The customer is only identified as a “leading technology company”, and the value of the project is undisclosed.   

Alpha DC Fund is managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Corp’s asset management arm.  On the other hand, Keppel Data Centres is the data centre division of Keppel T&T, a subsidiary of Keppel Corp.

Keppel Capital’s Alpha fund and Allianz in JV to acquire property in Shanghai business park

SINGAPORE (Sept 13): Alpha Asia Macro Trends Fund III (AAMTF III) and Allianz Real Estate together with a co-investor, are jointly acquiring a prime office building in China for US$48 million ($65.7 million).

Keppel's Alpha fund divests 100% stake in Shanghai International Plaza

SINGAPORE (Apr 5): Keppel Corporation’s Alpha Asia Macro Trends Fund II (AAMTF II), through its wholly-owned entity Bravo (II), has divested its 100% interest in Shanghai International Plaza.

The office and retail mixed-use property was acquired in 2014 for a consideration of approximately US$133 million ($175 million).

According to Alpha CEO Alvin Mah, the fund realised an internal rate of return of close to 20% on the sale of the investment.

Canada Pension Plan co-invests US$350 million in Keppel’s Alpha Data Centre Fund

SINGAPORE (Oct 12): Canada Pension Plan Investment Board (CPPIB) is partnering Alpha Investment Partners and Keppel Data Centres Holdings to invest an initial US$350 million ($474 million) in the Alpha Data Centre Fund (ADCF), with the option to invest another US$150 million.

CPPIB’s latest commitment and option will bring the ADCF’s combined and co-investment interest up to US$1 billion, double the Fund’s initial target size of US$500 million. When fully leveraged and invested, the fund will potentially have assets under management of US$2.3 billion.

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Keppel Land China in JV to acquire 30% stake in Shanghai development for US$525 mil

SINGAPORE (June 26): Keppel Land is jointly acquiring a 30% stake in a Shanghai office and retail mixed-used development, SOHO Hongkou, for US$525 million ($729 million).

Located in Hongkou District, SOHO Hongkou offers a total leasable area (GLA) of 70,042 sm, which comprises 65,304 sm and 4,738 sm of office and retail space respectively. Completed in 4Q15, it has a high occupancy rate of 97% as of March, with tenants including Panasonic and China Pacific Insurance.

Keppel’s gain from sale of 112 Katong to be under 5%, says UOB

SINGAPORE (June 23): UOB Kay Hian is maintaining its “hold” rating on Keppel Corporation with a price target estimate of $6.55 following news of the conglomerate’s alleged sale of 112 Katong, which is presently 22.4%-owned by the group’s subsidiary, Keppel Land.

The remaining 77.6% of the mall is owned by Alpha Investment Partners' Alpha Asia Macro Trends Fund (AAMTF).

It was previously reported that Keppel had put the mall on the market for sale, with expectations for the property to fetch around $500 million.

Keppel Land and co-owner divests Shanghai mall for US$517 mil

SINGAPORE (Sept 15): Keppel Land China, a unit of Keppel Corporation’s property arm Keppel Land, has divested its 80% stake in Life [email protected] in Shanghai for US$516.9 million ($706 million), together with its co-owner Alpha Investment Partners, a unit of Keppel Capital Holdings.

The stake was sold to a unit of Chongbang Group who held the remaining 20%.

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