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Sign in Sign up for a FREE subscriptionKeppel achieves first closing for flagship Keppel Sustainable Urban Renewal Fund
Keppel has held a first close for its Keppel Sustainable Urban Renewal Fund (KSURF) with the securing of Korean institutional capital. This brings the total funds under management in Keppel’s Sustainable Urban Renewal (SUR) strategy to more than $1.7 billion.
KSURF will invest in value-added real estate and platform opportunities to create a new generation of high-quality, sustainable assets across real estate segments including commercial, living, life sciences, hospitality and logistics in Singapore, South Korea, Japan, Australia and first-tier cities in China.
Christina Tan, Keppel’s CEO of fund management and CIO, said, “Keppel’s SUR strategy is a unique series of fund products designed to address the urgent call to decarbonize the world’s built environment, with the aim of achieving both strong sustainability outcomes and good investment returns.
“We are pleased that our SUR strategy has received strong backing from institutional investors. The
