Keppel REIT

K71U: XSES (SGP)
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Keppel REIT: Raising SGD 113 Million via Private Placement to Diversify Into Australian Retail Asset

Keppel REIT is acquiring a 75% stake in its first pure-play retail asset, Top Ryde City Shopping Centre, in Sydney, Australia for SGD 335 million. The acquisition will be funded through a mix of debt, perpetual securities, and an equity raise of SGD 113 million.

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