- CEO
- Hsien Yang Chua
- Full Time Employees
- 24
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- 1 HarbourFront Avenue Singapore CE Singapore 098632
- IPO Date
- Apr 28, 2006
- Business
- Keppel REIT (SGX: K71U) operates as one of Asia's leading real estate investment trusts, listed on the Singapore Exchange, focusing on owning and investing in a diversified portfolio of quality income-producing commercial real estate and real estate-related assets across Asia Pacific's key business districts; its primary assets include premium Grade A office towers and commercial properties such as Marina Bay Financial Centre, One Raffles Quay and Bugis Cube in Singapore, as well as office buildings in Sydney, Melbourne, Perth (Australia), Seoul (South Korea) and Tokyo (Japan). The REIT, established by way of introduction on April 28, 2006 and headquartered at 1 HarbourFront Avenue, Keppel Bay Tower, Singapore, targets stable income generation and sustainable long-term total returns for unitholders through high-occupancy properties leased predominantly to blue-chip multinational tenants in the financial, professional services and technology sectors. Managed by Keppel REIT Management Limited, a member of Keppel Ltd., the sponsor with expertise in real estate and sustainability solutions, Keppel REIT maintains a portfolio valued at approximately S$9.5 billion as of December 31, 2024, with geographic exposure spanning Singapore (majority), Australia, South Korea and Japan.
In a significant strategic expansion within the last year, Keppel REIT announced in October 2025 the acquisition of a 75% effective interest in Top Ryde City Shopping Centre, a freehold suburban retail mall in Sydney, Australia, for A$393.8 million (S$334.8 million), marking its entry into the pure-play retail asset class and expected to boost portfolio resilience through diversified income streams from consumption growth; post-acquisition by 1Q 2026, subject to approvals, the portfolio will grow to S$9.8 billion across 14 properties with office at 95.8% and retail at 4.2%. The deal, funded via debt, equity including a S$113 million private placement of 112.5 million new units, and perpetual securities, enhances distribution per unit accretion while complementing its office-heavy holdings. All operational properties hold green certifications, underscoring commitment to sustainability amid ongoing asset enhancements for tenant appeal and rental growth.