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Sale of Sydney office building hits Keppel Reit in Q2

Absence of income contribution leads Reit to post a drop in DPU to 1.61 Singapore cents for the period

Singapore

THE sale of a Sydney commercial building, 77 King Street, in the first quarter affected Keppel Reit's second-quarter results.

The Reit had announced the A$160 million (S$158 million) sale to a unit of Invesco Asia Core Fund in January this year.

The absence of

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