Keppel REIT Acquires Grade A Office Building North Sydney 2021

Keppel REIT announced the acquisition of a 100% interest in Blue & William, a freehold Grade A office building under development in North Sydney, for A$327.7 million. The property offers a 4.5% initial NPI yield upon completion in mid-2023, with a 3-year rental guarantee and regular coupon payments during development. The strategic expansion strengthens Keppel REIT's Australian portfolio with strong sustainability credentials and excellent harbour connectivity.