Keppel-KBS US REIT makes its first acquisition by acquiring a business campus around Seattle, Washington. The US$169.4 million property is in Redmond and comprises 21 buildings.

The addition of this portfolio is expected to increase Keppel-KBS US Reit’s aggregate valuation by 20.8 per cent to US$985.5 million, as well as its net lettable area by 24.2 per cent to more than four million square feet, the Reit manager said.