The Investor
12 Dec 2025, 19:40
Keppel REIT said it will acquire an additional one-third interest in Marina Bay Financial Centre Tower 3 in Singapore for an agreed property value of S$1.45 billion, lifting its stake in the premium office tower to two-thirds. The asset is nearly fully occupied at about 99.5% and benefits from strong blue-chip tenants and limited new office supply in Marina Bay. The acquisition will be completed on 31 December 2025 and will be partially funded through a S$886.3 million preferential offering of new units, reflecting Keppel REIT’s confidence in Singapore’s prime office market and long-term rental and capital growth prospects.