( YTD: +10.34% | 5D: -7.69%)

11 Dec - Keppel REIT strengthens its Singapore portfolio with the acquisition of an additional one-third interest in Marina Bay Financial Centre Tower 3

Keppel REIT Management Limited, as manager of Keppel REIT (the “Manager”), is pleased to announce that it has accepted the offer set out in the pre-emptive offer notice from Sageland Private Limited (the “Vendor”) 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$1,453.0 million or approximately S$3,268 per square foot (the “Acquisition”).

The agreed property value represents a discount of approximately 1.0% to the property’s independent valuation (based on the one-third interest) of S$1,467.3 million. Post-completion, together with the one-third interest which Keppel REIT currently 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-storey MBFC Tower 3 is a premium Grade A office building with an aggregate net lettable area of approximately 1.3 million square feet. It is directly connected to Downtown MRT Station and in close proximity to Marina Bay, Shenton Way, Bayfront, Telok Ayer and Raffles Place MRT stations, ensuring excellent accessibility.  

DBS is a key tenant at MBFC Tower 3, which is supported by a diverse and strong tenant base including blue-chip corporations across financial institutions, legal services and technology and media companies among others. The property enjoys a high committed occupancy of approximately 99.5% as at 30 September 2025 and a weighted average lease expiry of 3.5 years[1]. Looking ahead, the sustained demand for quality office space coupled with the absence of new office supply in the Marina Bay area are expected to support potential rental growth and long-term capital appreciation.

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( YTD: +19.83% | 5D: +1.40%)

10 Dec - Divest Office Component of Festival Walk

The Property will be sold at a divestment consideration of HKD1,960.0 million (S$328.1 million). This divestment consideration, which was negotiated on a willing-buyer and willing-seller basis, is in line with the Property’s independent valuation conducted as at 30 November 2025. The divestment consideration will be satisfied wholly in cash, with completion targeted in February 2026.

This transaction follows the successful divestment of two Japan office buildings in August this year, reflecting the Manager’s continued agility and commitment to portfolio optimisation. By sharpening MPACT’s focus on quality assets and prudently managing the macro-economic headwinds in Greater China, this move strengthens the portfolio’s core stability. Divestment proceeds will be directed towards debt reduction to further enhance financial flexibility and position MPACT to capitalise on future opportunities.

The divestment is not expected to have a material impact on MPACT’s net asset value (as at 31 March 2026) and net property income (“NPI”) (for FY25/26). Assuming completion of the transaction on 30 September 2025 with net proceeds directed towards debt reduction, MPACT’s aggregate leverage would improve from 37.6% to approximately 36.5%.

Upon completion of the divestment, MPACT’s portfolio will comprise 15 quality commercial properties located across five key gateway markets of Asia, with a total lettable area of 10.2 million square feet independently valued at S$15.6 billion. Singapore remains MPACT’s core foundation, providing long-term stability by contributing approximately 65.8% and 58.0% of MPACT’s NPI3 and AUM, 4 respectively

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( YTD: +10.91% | 5D: -1.61%)

11 Dec - Entry into Facility Documents and Disclosure pursuant to Rule 704(31) of the Listing Manual

Lendlease Global Commercial Trust Management Pte. Ltd., in its capacity as manager of Lendlease Global Commercial REIT (“LREIT”, and the manager of LREIT, the “Manager”), wishes to announce that DBS Trustee Limited (in its capacity as trustee of LREIT) (the “Trustee”) has today (1) entered into a facility agreement (the “Facility Agreement”) for an uncommitted revolving credit facility of up to S$50,000,000 (the “Facility A”) and (2) accepted an offer (the “Facility Letter”) for an uncommitted revolving credit facility of up to S$100,000,000 (the “Facility B”), upon the terms and subject to the conditions of the relevant Facility Agreement and Facility Letter.

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Singapore REITs Monthly Update (23 Nov 2025)

Technical Analysis of FTSE ST REIT Index (FSTAS351020)

FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 710.29 to 698.76 (-1.62%) compared to last month's update. Over the past two months since October, the REIT Index has formed a head-and-shoulders pattern, with the head peaking at 731. This pattern often indicates a potential trend reversal. If the index breaks below the key support at 696, it may trigger a deeper pullback and potentially mark the beginning of a downtrend. On the upside, the resistance level of about 731 has been tested again for the 3rd time, firstly in Jan 2024 and secondly in Sep 2024. A breakout above this level could allow the index to retest and possibly exceed levels last seen in July 2023.

• Short-term direction: Down
• Medium-term direction: Sideways
• Long-term direction: Up
• Immediate Support: 696 (line)
• Immediate Resistance: 731 (line)

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