Keppel Reit

Net property income grows 9.7% year on year to S$59.9 million for the quarter

A greater focus on value unlocking moves versus acquisitions could go a long way in sustaining investor enthusiasm

Meanwhile, net property income is up 2.4% at S$107.7 million in the latest half year

With demand for office trusts focused in the Republic despite lower yields, more capital should be allocated domestically

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

Meanwhile, DBS Group Research says office S-Reits offer ‘brightest prospect’ in 2026

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

The facilities contain conditions relating to changes to the Reit’s manager

This is part of the sale of two hyperscale data centres in the campus to Keppel DC Reit