Keppel REIT wipes $886.3m loan for Marina Bay tower 3 stake

The preferential offering was fully utilised to repay a bridge loan.

Keppel REIT Management Limited, the manager of Keppel REIT, said gross proceeds of approximately $886.3m raised from its preferential offering have been used to repay an equity bridge loan, according to a bourse filing dated 21 January.

The manager said the bridge loan had been used, together with debt financing, to fund the acquisition of an additional one-third interest in Marina Bay Financial Centre Tower 3 whilst awaiting the receipt of proceeds from the offering.

The preferential offering involved the issuance of 923,189,327 new units and was announced in December 2025 alongside the acquisition of an additional stake in the office tower.

Meanwhile, $10.7m of the gross proceeds from the preferential offering, initially set aside for fees and expenses, has been redirected to partially fund the acquisition.

As of the date, the gross proceeds have been fully utilised.

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