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Keppel Reit
Sector: Real Estate, Industry: Office REITs
Yahoo Finance (Live Price)
Sector: Real Estate, Industry: Office REITs
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SGD 1.21 +0.010 (+0.83%)
20 Apr 2021
Description
Keppel REIT, or KREIT, is a commercial real estate investment trust with properties valued at about SGD 9 billion across Singapore, Australia and South Korea. In Singapore, its portfolio consists of a 100% stake in Keppel Bay Tower, a 79.9% stake in Ocean Financial Centre, a 33.33% stake in Marina Bay Financial Centre and a 33.33% stake in One Raffles Quay. In Australia, it owns a 50% stake in five properties across Sydney, Melbourne, Brisbane and Perth. It is also in the process of acquiring 100% stake in Pinnacle Office Park in Sydney. In South Korea, it owns around 99.4% of T Tower in Seoul. The trust is externally managed by Keppel REIT Management Limited, a subsidiary of Keppel Capital. Parent Keppel Corporation currently retains an approximate 48% stake in KREIT.