Keppel REIT Management Announces Sale Of T Tower

By Reuters News

Sept 23 (Reuters) - Keppel REIT KASA.SI:

  • SALE OF T TOWER

  • TO DIVEST 99.38% INTEREST IN T TOWER IN SEOUL

  • DIVESTMENT OF T TOWER EXPECTED TO COMPLETE IN 4Q 2026

  • AGREED PROPERTY VALUE FOR T TOWER IS KRW 348.80 BILLION, 37.2% PREMIUM TO ACQUISITION PRICE

  • DIVESTMENT CONSIDERATION TO BE RECEIVED IS KRW 346.70 BLN (S$318.9 MLN)

  • INTENDS TO USE UP TO S$25 MILLION OF NET SALE PROCEEDS TO UNDERTAKE UNIT BUYBACKS ON OPEN MARKET


Further company coverage: KASA.SI

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