BRIEF-Keppel REIT Announces Divestment Of Bugis Junction Towers In Singapore
Oct 1 (Reuters) - Keppel REIT:
* ANNOUNCE DIVESTMENT OF REIT'S STRATA OWNERSHIP OF BUGIS JUNCTION TOWERS IN SINGAPORE TO VILLAGE PROP. PTE FOR SALE PRICE OF $547.5 MILLION
* BASED ON NET PROPERTY INCOME FOR 12 MONTHS PRECEDING 30 JUNE 2019, SALE PRICE TRANSLATES TO A YIELD OF 3.0%
* DIVESTMENT REALISES CAPITAL GAINS OF APPROXIMATELY $378.1 MILLION Source text for Eikon: Further company coverage: