Summary: Keppel REIT is expanding into the retail asset class by acquiring a 75% stake in Top Ryde City Shopping Centre in Sydney for A$393.8 million. The acquisition, expected to be completed by 1Q2026, will diversify Keppel REIT’s portfolio and enhance returns, complementing its Singapore office-focused portfolio. The acquisition will be funded through debt, equity, and perpetual securities.

Link: https://www.theedgesingapore.com/news/reits/keppel-reit-expand-retail-asset-class-acquires-75-stake-sydney-mall-3348-mil