SGX:K71UOffice REITs
The Bull Case For Keppel REIT (SGX:K71U) Could Change Following Full Deployment Of Preferential Offer Proceeds
Keppel REIT has in the past fully utilised the S$886.3 million raised from its preferential offering to repay the equity bridge loan used to acquire an additional one-third interest in Marina Bay Financial Centre Tower 3, reallocating previously earmarked offering expenses to partially fund the purchase.
This complete deployment of capital highlights Keppel REIT’s emphasis on reinforcing ownership in a core Grade A office asset in Singapore’s Marina Bay central business district, aligning...