Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,219.16 +1.48 +0.05%
Hang Seng 27,499.39 -454.19 -1.62%
Dow Jones 26,743.50 +86.52 +0.32%
Shanghai Composite 2,797.48 +68.24 +2.50%
Keppel REIT Acquires 3 Remaining Prime Street Frontage Retail Units In Melbourne
Daily Bulletin | 07 September 2015
Related stocks:
By:

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  1.190 -- --   
Business: Real Estate Invs Trust. Invs in a portfolio of quality real estate and real estate related assets.

Insight: Jul-18, 1H18 property income rose 14.7% mainly con... Read More


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.