Keppel Hits Milestone with First Close of Sustainable Urban Renewal Fund

Keppel has achieved a significant milestone with the first close of its Keppel Sustainable Urban Renewal Fund, securing Korean institutional capital.

The fund's total funds under management now exceed US$1.7 billion, bolstering Keppel's sustainable urban renewal (SUR) strategy.

Focused on real estate opportunities across various segments, including commercial, living, life sciences, hospitality, and logistics, the fund aims to create sustainable assets in key markets such as Singapore, South Korea, Japan, Australia, and select cities in China.

While this achievement marks a significant milestone for Keppel, it is not expected to materially impact the company's earnings per share or net tangible assets per share for the current financial year ending Dec 31, 2024.