KEPPEL Corporation unit Keppel Land China is entering a joint venture to acquire and develop a 3.8 hectare commercial and residential mixed-use development site in Nanjing, China, with an estimated total development cost in excess of five billion yuan , Keppel Corp announced on Wednesday.
The remaining 75 per cent stake in the JV company will be held by Yincheng and co-investor Jiangsu Aidi Property Development Co. Yincheng chairman Huang Qingping said this project"also sets the stage for collaboration between both sides on future opportunities".
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