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11 Dec 2025
Keppel REIT buys one-third stake in MBFC3 from Hongkong Land, with ROFR to one-third of ORQ and MBFC1&2
Summary: Keppel REIT is acquiring a one-third stake in Marina Bay Financial Centre Tower 3 for $937.5 million from Sageland Private, a subsidiary of Hongkong Land Holdings. The acquisition, funded through a preferential offering of new units, reflects Keppel REIT’s confidence in Singapore’s prime office sector and its strategy to grow its portfolio of Grade A commercial assets. This transaction also highlights Hongkong Land’s ongoing strategy to monetize its assets, with Keppel REIT and Suntec REIT holding the right of first refusal on other office properties.