{
  "id": 15682742,
  "title": "Keppel Reit to buy 51% stake in Keppel South Central for $610.9 million",
  "url": "https://urgent.news/2026/10/20/keppel-reit-to-buy-51-stake-in-keppel-south-central-for-610-9-million",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T01:03:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/keppel-reit-to-buy-51-stake-in-keppel-south-central-for-610-9-million"
  },
  "original_language": "en",
  "account": "Keppel Reit is acquiring a 51% stake in Keppel South Central for $610.9 million, according to a statement released on October 20. This transaction will bolster the Singapore-based real estate investment trust's (REIT) presence in the prime office market. The 33-story Grade A commercial building is valued at approximately $1.2 billion and offers 522,500 sq ft of net lettable area, translating to a valuation of $2,350 per square foot. The REIT plans to finance the acquisition via a mix of bank loans, perpetual securities, internal cash reserves, and/or equity financing, with the resulting leverage expected to be 39.2%.",
  "summary": "Completion of the deal will be subject to the approval of unit holders.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
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        "published": "2026-10-20T00:42:38.000Z"
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        "published": "2026-10-20T01:02:51.000Z"
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        "url": "https://urgent.news/2026/10/20/south-korea-japan-shares-fall-as-asian-stocks-decline-in-break-from",
        "published": "2026-10-20T01:58:26.000Z"
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      {
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        "url": "https://urgent.news/2026/10/20/global-market-south-koreas-elice-shares-plunge-28-in-market-debut-as",
        "published": "2026-10-20T03:23:42.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}