Keppel REIT to acquire a 50% stake in 255 George Street for AUD363.8m.

Keppel REIT, a real estate investment trusts, agreed to acquire a 50% stake in 255 George Street, a freehold Grade A office building in Sydney, Australia, for AUD363.8m. “Located in the highly sought after Core Precinct of Sydney’s CBD, 255 George Street is an iconic freehold Grade A office building with excellent ESG credentials. With the Core Precinct's positive office market outlook and the property’s prime specifications, this DPU-accretive Acquisition will enhance the quality of Keppel REIT’s portfolio and we are confident that it will continue to attract companies looking for quality office spaces in Sydney," Mr Koh Wee Lih, Keppel REIT Chief Executive Officer.