Keppel REIT raises $113m for Sydney Top Ryde City purchase

The placement was about three times covered due to strong demand.

Keppel Reit Management Limited has raised $113m via private placement for its majority purchase of Top Ryde City Shopping Centre in Sydney, Australia.

The placement was about three times covered with strong demand from new and existing unitholders globally, comprising institutional and accredited investors.

The issue price per unit stood at $0.983, about a 4.6% discount to the volume-weighted average price of $1.0304 per unit of all trades from Tuesday until the agreement was signed on Wednesday.

The trading of about 115 million new units is expected to commence on 17 October.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia