Keppel DC Reit seeks S$235m for acquisition

Singapore adobe stock AS 230x150
By Jonathan Breen
16 Sep 2019

Keppel DC Real Estate Investment Trust has launched a one-day sale of new units to raise up to S$235.4m ($171.3m) to fund the purchase of two Singapore properties.

The Singapore Exchange trust has lined up Credit Suisse, Citi and DBS to run the accelerated placement of 135m primary units, equal to 9.1% of its enlarged total outstanding capital. The three bookrunners are also joint underwriters alongside CLSA.

Keppel DC is offering the new units at S$1.703 ...

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