Keppel REIT’s S$113 million placement to part-finance acquisition of Top Ryde City Shopping Centre in Sydney

Rajah & Tann Singapore and Christopher & Lee Ong, member firms of Rajah & Tann Asia are acting for the joint underwriters, DBS Bank Ltd., Chinese Banking Corporation Limited and United Overseas Bank Limited, in the S$113 million placement undertaken by Keppel REIT for the partial financing of its acquisition of a 75% stake in Top Ryde City Shopping Centre, a retail property in Sydney, Australia, for a gross purchase price of AUD 393.8 million. Capital Markets Practice Partners Raymond Tong and Jasselyn Seet from Rajah & Tann Singapore, as well as Partners Annette Soh and Daphne Lam from Christopher & Lee Ong are leading the transaction.