Will Keppel Reit sell Bugis Junction Towers?

FOLLOWING the recent release of Keppel Reit's third quarter earnings, DBS Equity Research raised an interesting piece of market speculation. It is about a potential sale of Bugis Junction Towers, which is fully owned by the trust.

"... management reiterated that it does not have any intention to sell the building, unless it receives a compelling offer," DBS said.

The 15-storey office block is part of a mixed development that also includes a mall owned by CapitaLand Mall Trust and the InterContinental Singapore, owned by Frasers Hospitality Trust.