Keppel REIT plans to buy 51% stake in Keppel South Central for S$ 610.9 million

By Public Technologies
  • Keppel REIT proposes buying a 51% interest in Singapore’s Keppel South Central for S$ 610.9 million.
  • Total acquisition cost is S$ 627.1 million for the stake in the 33-story Grade A commercial building in Tanjong Pagar.
  • The agreed property value is S$ 626.2 million, based on a 70-year leasehold interest.
  • The acquisition offers an initial net property yield of 4.3%, with pro forma distribution-per-unit accretion of 2.01%.
  • Completion is targeted for the second quarter of 2027, with post-acquisition aggregate leverage projected at 39.2%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel REIT published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JTDZLL32YD2NXK7T) on October 19, 2026, and is solely responsible for the information contained therein.

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