Keppel & Henderson raise $S258m for Japan fund

KEPPEL Land's real estate fund management arm, Alpha Investment Partners and Henderson Global Investors have raised $S258 million to invest in Japanese properties.

The AIB Alpha Japan Fund was raised together with AIB Private Banking, one of Ireland’s largest banks.

The Asia No. 1 Property Fund is an opportunistic fund jointly managed by Alpha and Henderson Global Investments.

Alpha expects the fund to be fully invested by end of 2007.

Alpha’s managing director Loh Chin Hua said the closing of this fund is timely to capitalise on Alpha’s deal flow in Japan.

At the end of March 2007, Alpha’s total asset under management is approximately $S2.2 billion. With the addition of AIB Alpha Japan Fund, Alpha’s AUM is expected to be more than $S4 billion when all funds are fully invested.

Australian Property Journal