Keppel REIT Sells 20% Share of Ocean Financial Centre

News about Keppel REIT

Keppel REIT is selling a 20% stake of the Ocean Financial Centre to Allianz Real Estate for a sum of S$537.3 million. This is 16.8% higher than its original purchase price and will leave Keppel REIT with a 79.9% ownership of the property.

Keppel REIT
Price1.080 SGD
NAV1.290 SGD
Yield (4 quarters)5.44%