Summary:

• SUTL Enterprise has signed a put-and-call option agreement to acquire Marina at Keppel Bay from Keppel Bay Pte Ltd for S$40 million, with completion targeted in the second half of 2026

• The asset will be rebranded “ONE°15 Marina Keppel Bay” and, together with the existing 270-berth ONE°15 Marina Sentosa Cove, will give the Group a combined 436 berths, making it the largest integrated marina owner-operator in Singapore

• Located within the Greater Southern Waterfront, the mainland marina offers 166 berths with superyacht capabilities for vessels up to 280 feet and sits amid more than 10,000 public and private housing units, with strong links to surrounding residential, commercial and tourism hubs

• SUTL plans phased upgrades, including clubhouse modernisation, enhanced berthing infrastructure and services, new retail areas, and integrated lifestyle and wellness concepts, aimed at lifting long-term asset value and expanding revenue streams across berthing, membership, hospitality and F&B

• Management expects significant operational and commercial synergies from consolidating ONE°15’s regional network of branded marinas in Singapore, Indonesia, Thailand and Malaysia, leveraging shared services, diversified membership tiers and new land-based lifestyle and dining experiences

• CEO Arthur Tay said the deal will enlarge ONE°15’s regional footprint and strengthen its position as one of Asia’s largest marina operators, offering members both a “city marina” at Keppel Bay and an “island marina” at Sentosa within close proximity

• The Group will extend its environmental and community programmes from Sentosa to Keppel Bay, including Blue Water EduFest initiatives, expansion of the local coral garden, and using the new site as a satellite venue for the Singapore Yachting Festival