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

Uma Devi
Uma Devi • 2 min read
Keppel's Alpha and Aliianz to jointly acquire 85% stake in Beijing office complex for $1.3 bil
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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.

Alpha, which was acting on behalf of its managed funds which include Alpha Asia Macro Trends Fund III (AAMTF III), had entered into agreements with Allianz, which is also an investor of AAMTF III.

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