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Milestones 2000
January
- Keppel Land signed an agreement to purchase a 45-percent stake through private
placement and rights issue in Five Stars Property Public Company for $13 million.
March
- Viewpoint Condominium, a freehold site in the East Coast, was added to Keppel Land’s
landbank.
- PARCO Bugis Junction hosted the Singapore Food Festival Opening Celebrations for the
third consecutive year.
April
- Hotel Inter-Continental Singapore was awarded the Excellence Award in the "Best Public
Relations Work for the Environment" category at the Prism Awards.
May
- Keppel Land, through KeplandeHub, and Keppel T&T teamed up to form a 50-50 joint
venture to invest in and develop TeleHubs in Asia.
- KeplandeHub and US-based Cisco Systems signed a Memorandum of Understanding
to leverage on their respective expertise to create cost-effective quality Internet-powered
properties that will use leading-edge communications technology to enhance the e-lifestyle
in Asia.
- Capital Square was awarded both the Certificate of Merit for Construction Excellence 2000
and Best Buildable Design 2000 at the Building and Construction Authority’s Awards
Presentation Ceremony.
- Keppel Land and Keppel Corporation signed the Sales and Purchase and Joint Venture
Agreements for Keppel Harbour in which Keppel Land is the project manager. In the joint
venture, Keppel Corporation will hold a 70 percent stake and Keppel Land the remaining
interest.
June
- Keppel Land acquired four property companies and certain assets from TLB Land for
$111 million.
- KeplandeHub and Keppel Corporation each took a 10 percent stake in CXhub, Pan-Asia’s
first industry-led online construction exchange.
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