Keppel Reit
Keppel Reit eyes diversification into retail with focus on Singapore
Keppel Reit remains anchored in Singapore despite its foray into Australian retail
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
It will be Singapore’s biggest private real estate fund; move follows divestments of other major assets
Keppel Reit’s dilutive purchase of MBFC Tower 3 a gamble on the sensibilities of S-Reit investors
A quick rebound from its sell-off last week might suggest investors are prepared to stomach some DPU dilution for the right deal at the right time
Keppel Reit to buy HK Land’s one-third stake in MBFC Tower 3 for S$1.45 billion; launches S$886.3 million rights issue
Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU
Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion
Analysts upbeat on Singapore’s office Reits, naming one ‘uniquely leveraged’ to tap rental upside
They name a few buy-rated stocks, and expect core CBD rents to rise
Keppel Reit trustee prices S$100 million perpetual securities at 3.28%
The securities are expected to be issued on Nov 27
Keppel Reit’s 9M distributable income falls 0.6% to S$159.6 million
Net property income for the period rises 8.6% year on year to S$161.3 million
Is Keppel Reit’s deal Down Under a good move?
Prime office landlord may continue diversifying geographically and across real estate asset classes to expand its portfolio
Placements continue, Sert buys back units
[SINGAPORE] Over the five trading sessions from Oct 3 to 9, institutions were net buyers of Singapore stocks, with net institutional inflow of S$250 million, adding to the S$275 million net institutio...
