Keppel Divests Non-Core Retail Mall Asset for SG$372 Million
Keppel (SGX:BN4) divested i12 Katon, a suburban retail mall, for SG$372 million to Altallo Holdings, according to a Wednesday filing with the Singapore Exchange.The company classified the mall as a non-core asset, with the divestment part of the company's monetization plan.The divestment is expected to be completed during the second quarter of the year.The building is a five-story retail mall with three basement levels and has a total net lettable area of 211,950 square feet.