Keppel REIT Completes Acquisition of Additional One-Third Interest in Marina Bay Financial Centre Tower 3

Key Highlights for Investors

• Acquisition Completion: Keppel REIT has successfully completed the acquisition of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3. This strategic transaction increases Keppel REIT’s total stake in MBFC Tower 3 to two-thirds.
• Corporate Actions: Following this acquisition, the trustee of Keppel REIT, HSBC Institutional Trust Services (Singapore) Limited, has executed a deed of termination to end the existing shareholders’ agreement with the original shareholders of Central Boulevard Development Pte. Ltd.
• New Shareholders’ Agreement: An amended and restated shareholders’ agreement has been entered into with the remaining shareholders of Central Boulevard Development Pte. Ltd. This action clarifies governance, decision-making, and rights following the change in shareholding structure.
• Effective Date: These changes, including the completion of the acquisition and the entry into the amended and restated shareholders’ agreement, took place as of 31 December 2025.

Details Investors Should Note

• Potential Impact on Share Value: The increase in Keppel REIT’s stake in a prime, Grade A commercial asset in Singapore’s Marina Bay financial district is a significant event. This could enhance Keppel REIT’s income stability, asset base, and long-term growth potential, which may be positively viewed by the market.
• Governance and Control: By moving from a one-third to a two-thirds stake, Keppel REIT now has a greater say in the management and strategic direction of MBFC Tower 3, potentially leading to improved operational efficiencies and value creation.
• Corporate Structure Changes: The termination of the previous shareholders’ agreement and the creation of a new, updated agreement with remaining shareholders ensures that Keppel REIT’s interests are better aligned and may reduce governance risks or conflicts.
• No Immediate Offer or Solicitation: This announcement is not an offer or invitation to subscribe for Keppel REIT securities. The value of the units and income from them may fluctuate, and there is no guarantee of returns or liquidity.
• Risk Factors: Investors should be aware that REIT investments are subject to risks, including market volatility, and there is no guarantee of capital preservation.

What Could This Mean for Keppel REIT Unitholders?

The completion of this acquisition is a potentially price-sensitive development. The increased ownership in a high-profile asset like MBFC Tower 3 could lead to a re-rating of Keppel REIT’s valuation, especially if the market perceives enhanced earnings capacity and stronger asset backing. Additionally, the realignment of shareholder agreements could streamline decision-making and further unlock value for Keppel REIT’s unitholders.

Investors should watch for subsequent updates regarding the integration and performance of MBFC Tower 3 under Keppel REIT’s increased control, as well as any impacts on distributions and net asset value.

Disclaimer

This article is for informational purposes only and should not be construed as an offer, inducement, or solicitation to buy or sell any securities of Keppel REIT. The information herein does not constitute investment advice. Past performance is not indicative of future performance. The value of units in Keppel REIT and the income derived from them may fall as well as rise, and investors may lose the principal amount invested. Investors are advised to conduct their own research or seek professional advice before making investment decisions.

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