Keppel REIT - CGS-CIMB Research 2021-11-30: Strategic Expansion Into North Sydney

Keppel REIT - Strategic Expansion Into North Sydney

  • Keppel REIT announced that it has entered into an agreement to acquire 100% of interest in Blue & William, a Grade A office building currently under development in North Sydney for S$322.2m.
  • The acquisition will boost Keppel REIT (SGX:K71U)’s portfolio optimisation strategy.
  • Reiterate ADD call on Keppel REIT with an unchanged DDM-based target price of S$1.29.

Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @

LOCK Mun Yee CGS-CIMB Research | EING Kar Mei CFA CGS-CIMB Research | 2021-11-30

Read also CGS-CIMB's most recent report:
2022-10-25 Keppel REIT - Dishing Out An Anniversary Distribution.

Previous report by CGS-CIMB:
2022-07-27 Keppel REIT - Outlook Remains Positive.

Price targets by other brokers at Keppel REIT Target Prices.
Listing of research reports at Keppel REIT Analyst Reports.

Relevant links:
Keppel REIT Share Price History,
Keppel REIT Announcements,
Keppel REIT Dividends & Corporate Actions,
Keppel REIT News Articles

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