Source : TODAY, Wednesday, August 1, 2007
Keppel Land, Singapore’s third-largest developer by assets, sold two waterfront apartment blocks being developed near the city-state’s business district to a unit of Kuwait Finance House.
The two villa apartment blocks in the development known as Reflections at Keppel Bay were sold to the Al Nibras Islamic Real Estate Fund for about $286 million.
Al Nibras is a unit of Kuwait Finance House and AmanahRaya Investment Bank. — BLOOMBERG
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