Keppel agrees to sell 51% stake in Keppel South Central to Keppel REIT

Bitget2026/10/19 23:00

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Keppel will sell a 51% stake in K-Commercial, owner of Singapore’s Keppel South Central commercial building, to Keppel REIT.
The buyer will pay approximately S$149 million for the shares and lend approximately S$462 million to repay existing shareholder loans.
The transaction values the 51% property interest at approximately S$626 million, based on a 70-year leasehold interest.
Completion is expected in the second quarter of 2027, subject to conditions including Keppel REIT unitholder approval.
The seller will provide income support guaranteeing approximately S$2.23 million monthly for up to five years, subject to earlier termination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 0KVG18N9GVYZ532R) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Keppel agrees to sell 51% stake in Keppel South Central to Keppel REIT

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