Kepland completes divestment of one-third interest in MBFC Towers 1 & 2 and Marina Bay Link Mall - 15 DEC 2010

Completion of
(i) divestment of one-third interest in Marina Bay Financial Centre Towers 1 & 2 and Marina Bay Link Mall; and
(ii) acquisition of Keppel Towers and GE Tower

• Press Release

Key Points

• Keppel Land has completed divestment of the one-third interest in the MBFC 1 Property to K-REIT Asia, and the acquisition of the KTGE Property from K-REIT Asia on 15 DEC 2010. 
• The net proceeds received by Keppel Land from the Transactions was about S$826 million.

Related Posts

• Keppel Land Divestment of MBFC phase 1 confirmed as capital gain and not taxable - 6 DEC 2010
• K-Reit's proposed acquisition of a one-third stake in MBFC phase 1 and proposed divestment of KTGE - 11 OCT 2010