Logo of Phnom Penh Post newspaper Phnom Penh Post - Keppel Capital to explore Asia infrastructure investments

Keppel Capital to explore Asia infrastructure investments

Content image - Phnom Penh Post
The investment will leverage Keppel group's track record in developing, operating and maintaining complex real assets. AFP

Keppel Capital to explore Asia infrastructure investments

Singapore conglomerate Keppel Corp Ltd announced on Monday that its asset management arm, Keppel Capital Holdings Pte Ltd, entered a strategic cooperation with the National Pension Service of Korea (NPS) to explore investment opportunities for private infrastructure in Asia.

The cooperation will bring together the asset management expertise of both NPS, the world’s third largest pension fund, and Keppel Capital.

It will also leverage the Keppel group’s track record and ability to develop, operate and maintain complex real assets such as energy and environmental infrastructure, including renewables and related technology solutions, urban development and connectivity solutions.

Beyond infrastructure, the tie-up will also create potential collaboration opportunities across the other asset classes where Keppel Capital is active, such as real estate and data centres, and other new sectors, such as senior living, said Keppel Corp.

Keppel Capital CEO Christina Tan said: “Notwithstanding the current challenging macroeconomic environment, we are confident that by working together with a world-class and like-minded institutional investor, we will be able to synergise and tap on each other’s expertise and capabilities, given that we both embrace a value-oriented shareholder focus and disciplined approach to investment.”

The latest tie-up builds on an earlier commitment by NPS to Keppel Capital’s private infrastructure initiative.

It is not expected to have a material impact on Keppel Corp’s net tangible assets or earnings per share for the current financial year.

Since the start of 2020, Keppel Capital, has achieved several key milestones across asset classes, said Keppel Corp.

Besides the launch of an Asian-focussed infrastructure fund, the firm rolled out a private credit fund and an Indonesian logistics property venture, and partnered with Australian Unity to establish funds aimed at the Australian metropolitan office sector, it said.

In July, Keppel Capital entered the Chinese data centre market when a fund managed by its unit invested 1.5 billion ringgit ($364 million) in a data centre project in Huizhou, Guangdong province, it added.

On the Singapore Exchange, Keppel Corp’s share price fell S$0.09 (US$0.066) or 2.10 per cent to close at S$4.19 on Monday for a market capitalisation of S$7.615 billion, with 2.39 million shares traded.



  • Angkor provides ‘valuable’ water storage

    The Apsara National Authority (ANA) has stored millions of cubic metres of water at reservoirs in the Angkor area after Cambodia experienced a series of rainstorms over the last few days. The storing of the water, besides serving temple conservation, will also be used to

  • Would you like fries with that? US burger chain makes Phnom Penh debut

    California-based The Habit Burger Grill restaurant chain is all set to serve up a delicious array of charbroiled burgers and sides at its newest international location in the centre of Phnom Penh. The Habit is “renowned for its award-winning Charburgers grilled over an open flame,

  • Floods prompt evacuations in Kampong Speu

    Rain-induced floods and water flowing from Kampong Speu province have submerged the houses of 1,527 families living close to the Prek Thnot River in Spean Thma, Tien, Kong Noy and Roluos communes in Phnom Penh’s Dangkor district, according to data from local authorities. Spean Thma

  • Banteay Meanchey floods kill one more as death toll reaches 15

    As floodwaters start to recede in Pursat, Battambang and Pailin provinces and Phnom Penh, Banteay Meanchey continues to bear the brunt as one more person was killed on Monday, bringing the total number of flood-related deaths to 15 in the province this month. Banteay Meanchey provincial

  • Serving coffee with a side of robots

    The eye-catching glass building surrounded by greenery at the intersection of Streets 371 and 2002 in Phnom Penh’s Sen Sok district is more than just another coffee shop where you can while away a few hours. UrHobby House cafe is filled with robots and characters from

  • Cintri strike ends, workers’ contracts to be terminated

    CINTRI (Cambodia) Ltd rubbish collectors who have been on strike for the past 13 days agreed to return to work starting Wednesday evening after the company agreed to terminate their contracts at the end of January next year and provide seniority payments and other benefits to