News about Keppel REIT —
Keppel REIT is announcing the purchase of Blue & William, a grade A office in North Sydney. The freehold building is being transacted at a price of A$327.7 million, or about S$322.2 million.
Ms Shirley Ng, Deputy CEO and Head of Investment of the Manager, said, "In line with our active portfolio optimisation strategy, this DPU-accretive investment brings an initial net property income yield of 4.5%, which will enhance Keppel REIT’s overall portfolio returns. At the same time, regular coupon will be received throughout the development phase, providing robust risk-adjusted returns."