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K-Reit eyes more acquisitions in Singapore

Published on Jan 20, 2014 5:50 PM

Keppel Real Estate Investment Trust (K-Reit) said it may pick up more assets in Singapore, as it reported a solid set of results on Monday.

Ms Ng Hsueh Ling, chief executive officer of the reit's manager, told a briefing that it would, "at the right time", approach Keppel Land to buy Marina Bay Financial Centre Tower 3.

She added that to finance the purchase, K-Reit may sell one of its older assets.

The trust on Monday said that distributable income for the fourth quarter grew 5.9 per cent from the preceding year to $54.9 million.

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