Keppel REIT establishes Australian unit, ups Marina Bay Financial Centre Tower 3 stake

SGX Filings
Feb 04

Keppel REIT (K71U) said on Feb, 4 2026 that it has set up Keppel REIT (Australia) Sub-Trust 9 to hold its recently acquired 75% interest in Top Ryde City Shopping Centre in Sydney. The new subsidiary, incorporated in Australia with issued and paid-up capital of A$409.701 million, will focus on property investment and is wholly owned by the real estate investment trust.

The trust manager also disclosed that Keppel REIT has raised its ownership in Central Boulevard Development Pte. Ltd.—the entity holding Marina Bay Financial Centre Tower 3—to two-thirds from one-third. The additional one-third stake was purchased from Sageland Private Limited for about 906.3 million Singapore dollars, based on a one-third share of the tower’s agreed property value of 1.453 billion Singapore dollars, representing roughly a 1.0% discount to an independent valuation.

Both transactions were reported under Rule 706A of the Singapore Exchange’s listing rules and cover the period from Jul, 1 2025 to Dec, 31 2025.

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