Keppel Reit open to more development exposure

A potential opportunity is participation in its sponsor's redevelopment of two freehold office towers at Hoe Chiang Road.

Kalpana Rashiwala

Published Sun, Dec 1, 2019 · 09:50 PM

keppel reit

KEPPEL Reit Management's chief executive, Paul Tham, is open to stepping up development activity for the trust as part of its ongoing strategy to boost yields.

The trust - which owns about S$8 billion of CBD Grade A office properties in Singapore, Australia and South Korea - has in the past teamed up with its joint-venture partners in Australia for development projects.

The latest example would be 311 Spencer Street in Melbourne, where Keppel Reit has a 50 per cent stake in the project being developed by Cbus Property, one of Australia's leading property investors and developers.

The 40-storey freehold Grade A office project is slated for completi…

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