Keppel Reit
Seeing positives for Singapore Reits from investors’ support of Keppel Reit’s DPU-dilutive MBFC Tower 3 acquisition
With demand for office trusts focused in the Republic despite lower yields, more capital should be allocated domestically
Keppel Reit preferential offering closes with 76.9% valid acceptances; total applications at 97%
Gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s Tower 3
RHB ‘slightly negative’ on Keppel Reit’s MBFC deal, advises switch to Suntec Reit
Meanwhile, DBS Group Research says office S-Reits offer ‘brightest prospect’ in 2026
Keppel Reit wanted more of MBFC, but Hongkong Land’s 20-day deadline hobbled gearing fix
After the S$1.45 billion sale of its Tower 3 stake, Hongkong Land pumped its remaining MBFC interests into a new Singapore private real estate fund
Keppel Reit unit secures three bridge loans totalling S$892 million
The facilities contain conditions relating to changes to the Reit’s manager
Keppel Data Centre Campus gets conditional approval for 10-year lease extension
This is part of the sale of two hyperscale data centres in the campus to Keppel DC 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
