Keppel Reit to acquire majority stake in Keppel South Central

Keppel REIT has announced plans to acquire a majority holding in Keppel South Central through a transaction valued at $610.9 million, marking a significant expansion of its portfolio in the region.

The acquisition is conditional upon receiving approval from the trust's unitholders, whose endorsement will be sought through the standard corporate governance process. The deal represents a strategic move to strengthen Keppel REIT's presence in key South and Southeast Asian markets.

Upon completion, the majority stake will position Keppel REIT to exercise greater operational control and influence over the investment vehicle. The transaction reflects the trust's continued focus on real estate opportunities across the region.

Further details regarding the transaction timeline and integration plans are expected to emerge once unitholder approval has been secured. The acquisition aligns with Keppel REIT's growth strategy and diversification objectives in its core operating markets.