KEPPEL Reit Management's chief executive, Paul Tham, is open to stepping up development activity for the trust as part of its ongoing strategy to boost yields.

The trust - which owns about S$8 billion of CBD Grade A office properties in Singapore, Australia and South Korea - has in the past teamed up with its joint-venture partners in Australia for development projects.

The latest example would be 311 Spencer Street in Melbourne, where Keppel Reit has a 50 per cent stake in the project being developed by Cbus Property, one of Australia's leading property investors and developers.