Keppel has announced that private funds under Keppel’s Sustainable Urban Renewal (SUR) strategy are acquiring a 100 percent interest in the class A office component of Jem, an integrated development in the Jurong Lake District of Singapore. The aggregate consideration for the transaction is S$462 million (358 million).
Keppel’s SUR strategy invests in value-added real estate opportunities with the goal of decarbonizing the built environment while delivering attractive risk-adjusted returns to limited partners. In April 2025, Keppel secured S$760 million ($590 million) in new capital commitments for its SUR strategy, including from one of Europe’s largest pension funds, bringing the strategy’s cumulative funds under management to approximately S$4.3 billion ($3.3 million).
Bridget Lee, CIO, real estate, Keppel, said, “Keppel’s SUR strategy continues to gain traction among global investors, underscoring the rising demand for more environmentally efficient urb
