The gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s Tower 3
[SINGAPORE] Keppel Real Estate Investment Trust (Reit) has received valid acceptances of 76.9 per cent at the close of its preferential offering announced on Dec 11, 2025.
In a bourse filing on Tuesday (Jan 13), the manager of the Reit said it received valid acceptances for 709.4 million units, out of the 923.2 million units on offer.
It received excess applications of 185.7 million units, or 20.1 per cent of the total number of units available under the preferential offering.
This brings the total number of valid acceptances and excess applications to 895.1 million units, or 97 per cent of the total units available, at the close of the offering on Jan 9, 2026.
Keppel, Keppel Reit Investment, Keppel Capital Investment Holdings and Keppel Reit Management have accepted in full their respective provisional allotments, totalling 343.9 million new units.
The new units will be listed on the Singapore Exchange from 9 am on Jan 19.
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The manager on Dec 11 launched the underwritten, non-renounceable preferential offering to raise gross proceeds of S$886.3 million, to fund the acquisition of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3.
Under the preferential offering, entitled unitholders will be offered 23 new units for every 100 existing units held, at S$0.96 for each new unit.
DBS, OCBC and UOB were the joint bookrunners and underwriters for the offering.
Units of Keppel Reit closed flat at S$0.985 on Tuesday.
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