Keppel to Sell Office Tower Stake for 477 Million
Keppel agreed to sell a 51 percent stake in K-Commercial to Keppel REIT for about 477 million dollars. The transaction brings the asset manager's monetisation this year to 3.7 billion dollars. The divestment is expected to be completed in the second quarter of 2027.
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KEPPEL LTD will sell a 51% stake in its Keppel South Central office tower vehicle for S$611 million ($477.42 million) to Singapore-based Keppel REIT. The Tuesday divestment pushes the asset manager's total announced monetisation value for the year to S$3.7 billion. The transaction allows Keppel to retain a minority holding while offloading majority control of the commercial property.
