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KBS, Keppel Capital to jointly list Reit holding US offices

Listing expected to raise around US$500m and could offer an investment yield of close to 7%: report

Published Wed, Sep 13, 2017 · 09:50 PM

Singapore

SINGAPORE is set to see its second US real estate investment trust (Reit), adding to an already vibrant community of listed Reits and business trusts on the local bourse.

American real estate investment firm KBS Realty Advisors LLC is planning to list 11 of its office assets worth US$820 million as a Reit in Singapore via an initial public offering, BT understands.

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