K71U News Today, Dec 12: Keppel REIT Expands Stake in Marina Bay

Keppel REIT has made a strategic move to strengthen its foothold in Singapore’s prime office property market. The REIT acquired an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3, valued at S$1.453 billion. This acquisition reflects Keppel REIT’s confidence in the long-term demand for premium office spaces amidst a competitive Singapore office market. The decision aligns with the REIT’s goal to provide stable income and growth for its unitholders.