Brief: Keppel REIT Management Announces Sale Of T Tower
23/09/2026 16:33
BRIEF-Keppel REIT Management Announces Sale Of T Tower Sept 23 (Reuters) - Keppel REIT KASA.SI:
SALE OF T TOWER
TO DIVEST 99.38% INTEREST IN T TOWER IN SEOUL
DIVESTMENT OF T TOWER EXPECTED TO COMPLETE IN 4Q 2026
AGREED PROPERTY VALUE FOR T TOWER IS KRW 348.80 BILLION, 37.2% PREMIUM TO ACQUISITION PRICE
DIVESTMENT CONSIDERATION TO BE RECEIVED IS KRW 346.70 BLN (S$318.9 MLN)
INTENDS TO USE UP TO S$25 MILLION OF NET SALE PROCEEDS TO UNDERTAKE UNIT BUYBACKS ON OPEN MARKET
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