Keppel Reit to buy 51% stake in Keppel South Central for S$610.9 million.
Keppel Reit has a guaranteed monthly income of S$2.23 million from the property for up to five years.
Keppel Reit’s manager said it intends to fund the acquisition through a combination of bank loans, perpetual securities, internal cash and/or equity financing, with post-acquisition aggregate leverage expected to be 39.2%
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