Strategic Expansion into Japan
Transaction Overview
Ginza 2-chome, a freehold boutique office building located in
Chuo ward, one of Tokyo's core 3 wards
✓ Strategic entry into Japan, largest developed market in Asia with
strong office fundamentals
✓ A quality addition that complements and enhances KREIT's Pan-
Asian portfolio and creates long-term value for Unitholders
✓ Acquisition consideration of JPY8.83 billion / S$84.4 million¹
✓ DPU accretion of 0.5%² when fully leased
✓ Expected to complete the acquisition by end November 2022
Keppel REIT
1.
Based on Keppel REIT's effective interest of 98.47% in the Property and an exchange rate of JPY100 to S$0.9553 as at 24 October 2022.
3
2.
Pro forma effect on the DPU of Keppel REIT for the financial year ended 31 December 2021, assuming the acquisition was completed on 1 January 2021.View entire presentation