Keppel REIT Management Limited, as manager of Keppel REIT, has accepted the offer set out in the pre-emptive offer notice from Sageland Private Limited for Keppel REIT to acquire an additional one-third interest in Marina Bay Financial Centre Tower 3 (MBFC Tower 3) in Singapore at an agreed property value of S$1.453 billion ($1.1 billion).
Post-completion, together with the one-third interest that Keppel REIT now holds in MBFC Tower 3, Keppel REIT will hold in aggregate, two-third interest in MBFC Tower 3.
Strategically located in the heart of Marina Bay, the downtown core of Singapore's Central Business District, the 46-story MBFC Tower 3 is a premium class A office building with an aggregate net lettable area of approximately 1.3 million square feet. It is directly connected to the Downtown MRT Station and near Marina Bay, Shenton Way, Bayfront, Telok Ayer and Raffles Place MRT stations, ensuring excellent accessibility.
DBS is a key tenant at MBFC Tower 3, wh
