SINGAPORE (Aug 6): Keppel Capital Ventures, the wholly-owned subsidiary of Keppel Capital Holdings, the asset management arm of Keppel Corp, has entered into a MOU with Vicinity Centres, a leading Australian retail property group listed on the Australian Securities Exchange, to establish a new private fund.

The proposed fund intends to invest in an initial A$1 billion ($1 billion) portfolio of Australian retail properties owned by Vicinity Centres.

Read more on The Edge Singapore.