Keppel REIT (K71U) announced on Dec, 19 2025 that it has completed the purchase of a 75 percent stake in Top Ryde City Shopping Centre, located in Sydney, Australia.\n\nThe trust’s sub-trust, Keppel Australia Sub-Trust 9, has signed a three-year property management agreement with MA Real Estate Services Pty Ltd and a minimum five-year asset management agreement with MA Investment Management Pty Ltd. The property management contract may be extended by up to two years, while the asset management mandate will automatically renew annually after the first five years.\n\nGross proceeds of approximately 113.0 million Singapore dollars raised from a private placement launched in Oct, 08 2025 have been fully deployed, with 111.6 million Singapore dollars used to finance the acquisition and 1.4 million Singapore dollars allocated to placement-related expenses.
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