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It has now been converted into a Delaware limited liability company.
Keppel Capital Senior Living (KC Senior Living), an indirect wholly-owned subsidiary of Keppel Corporation, has completed its 50% acquisition of total equity interests of senior housing firm Watermark Retirement Communities (WRC), a local bourse filing revealed.
The aggregate purchase price is $117.59m (US$84.6m), after it was adjusted from approximately $107.44m (US$77.3m) to account for the sellers being solely responsible for future capital call obligations relating to the Minority JV Interests.
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Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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