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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.

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Mr Tham says that while the Reit will remain predominantly Singapore based, there is room to grow the combined Australia and South Korea share of AUM from the current 19% to about 25-30% in the near term.

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...

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