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Keppel REIT Acquires 3 Remaining Prime Street Frontage Retail Units In Melbourne
Daily Bulletin | 07 September 2015
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Keppel REIT has announced that the group has contracted with Cerberos to acquire three remaining prime retail street-fronting units at 8 Exhibition Street in Melbourne for A$8.6 million (approximately $8.6 million).

Keppel REIT currently owns a 50 percent stake in the 8 Exhibition Street office development and two retail units. The addition of the three remaining retail units will provide the group strategic control over the 35-storey freehold office building and all five retail units at 8 Exhibition Street.

The approximately 5,500 square feet retail units are currently 100 percent leased to two popular and established F&B outlets for 10 years with options for another 30 years. Tenants of the office block include multinational corporations such as Ernst & Young, UBS and the National Australia Bank.

Keppel REIT  1.230 -0.010 -0.81%   
Business: Real Estate Invs Trust. Invs in a portfolio of quality real estate and real estate related assets.

Insight: Jan-19, FY18 property income and net property inco... Read More

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