Keppel REIT Deepens Singapore Office Exposure with S$610.9 Million Deal

Singapore, 20 October 2026 – Keppel REIT has agreed to acquire a 51% interest in Keppel South Central for S$610.9 million, increasing its exposure to Singapore office assets and the central business district to about 82% of its portfolio. The newly completed mixed-use development offers roughly 613,500 square feet of office and retail space in Tanjong Pagar. The transaction remains subject to its stated completion conditions.

For unitholders and regional property investors, the acquisition increases access to a new prime asset but also raises concentration and funding questions. The confirmed purchase price and ownership stake provide the initial facts; whether the deal improves distributions depends on occupancy, rental income, financing costs and the consideration structure. A larger Singapore weighting can support income visibility, yet it also makes the trust more sensitive to one market and to office demand in the central area.