Reflections at Keppel Land by Keppel Land
Keppel Land is the property arm of the Keppel Group, one of Singapore's largest multinational groups with key businesses in offshore and marine, property, infrastructure and investments.
One of Asia's premier property companies, Keppel Land is recognised for its sterling portfolio of award-winning residential developments and investment-grade commercial properties as well as high standards of corporate governance and transparency.
Keppel Land was privatised and delisted from the Singapore Stock Exchange with effect from 16 July 2015. A selective capital reduction exercise to cancel all outstanding shares held by minority shareholders of Keppel Land was approved at an extraordinary general meeting on 13 April 2016 and the court on 5 May 2016.
The Company is geographically diversified in Asia, with Singapore and China as its core markets as well as Vietnam and Indonesia as its growth markets. The Company's total assets amounted to about $14.9 billion as at 31 December 2015. Keppel Land was ranked fourth in the prestigious Corporate Knights' Global 100 Most Sustainable Corporations in the World in 2015, placing it first in Asia and among real estate companies worldwide. Keppel Land was a component of the Dow Jones Sustainability World and Asia Pacific Indices, as well as the Morgan Stanley Capital International Global Sustainability and Socially Responsible Indices prior to its delisting.
As a leading prime office developer in Singapore, Keppel Land contributes to enhancing the city's skyline with landmark developments such as Marina Bay Financial Centre and Ocean Financial Centre. The Company is committed to grow its commercial portfolio in key Asian cities. Its portfolio includes Saigon Centre in Ho Chi Minh City, Vietnam, as well as International Financial Centre Jakarta in Indonesia. The Company is developing Seasons City in the Sino Singapore Tianjin Eco City, Park Avenue Central in Shanghai, the SM-KL Project Phase 2 in the Philippines and Junction City Tower in Yangon, Myanmar.
Beyond Asia, Keppel Land has acquired an office building in London, the United Kingdom and also ventured into the United States with a residential development in Manhattan, New York. With a pipeline of about 70,000 homes in Singapore and overseas as well as an increasing commercial presence in the region, Keppel Land is well-positioned to meet the growing demands for quality residential, office and mixed-use developments.
In addition, Keppel Land has investments in Keppel REIT and Alpha Investment Partners' funds which have combined assets under management of $20.5 billion as at end-2015, when fully leveraged and invested.
On 25 January 2016, Keppel Land received notification of Keppel Corporation's intention to consolidate its interests in all four of its subsidiaries in business trust, REIT and fund management business under Keppel Capital Holdings Pte Ltd. This includes Keppel Land's interest in Keppel REIT Management Limited as well as Alpha Investment Partners. Such consolidation will help to strengthen Keppel Group's capital recycling platform and create an expanded capital platform for co-investing in new assets.
To strengthen its retail development and management capabilities, Keppel Land acquired 75% of Array Real Estate in 2015, which it subsequently renamed Keppel Land Retail Management (KLRM).
KLRM is positioning itself as the specialised retail management arm of the Keppel Land Group, offering a full range of solutions encompassing retail consultancy and development, marketing and leasing as well as asset and property management services.
