Keppel Corp. Ltd. has entered into an agreement with Aermont Capital Group SCSp to acquire an initial 50 percent stake in European real estate manager, Aermont Capital.
This marks a pivotal step in Keppel’s transformation into a global asset manager and operator, giving the company a strong foothold in Europe and significantly expanding its presence beyond Asia Pacific.
Established in 2007, Aermont is an independent asset management business focused on real estate and real estate–related investment activities in Europe. It is a leader in opportunistic real estate investments with a proactive operator-oriented approach emphasizing prime assets and leading businesses across core Western European markets.
As of June 30, 2023, Aermont had a total funds under management of S$24 billion ($18 billion) across four active funds and a single asset vehicle, of which approximately S$10 billion ($7.5 billion) in equity commitments were raised in 2022, reflecting the stro
