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Keppel REIT breaks into Seoul market with $301 mil office tower purchase

PC Lee
PC Lee4/23/2019 07:39 AM GMT+08  • 2 min read
Keppel REIT breaks into Seoul market with $301 mil office tower purchase
SINGAPORE (Apr 23): Keppel REIT is acquiring a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD for KRW 252.6 billion ($301.4 million).
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SINGAPORE (Apr 23): Keppel REIT is acquiring a 99.38% stake in T Tower, a freehold Grade A office building in Seoul’s CBD for KRW 252.6 billion ($301.4 million).

The remaining 0.62% stake will be acquired by subsidiary Keppel Capital Holdings.

The seller is PGIM Real Estate, the real estate investment business of PGIM, the global investment management businesses of Prudential Financial.

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