Keppel REIT to Sell Tokyo KR Ginza II Asset for Approximately JPY 11.52 Billion at a 9.7% Premium

NewTimeSpace · 2026/07/29 15:49 · By Jiayi Sun

NewTimeSpace News: Keppel REIT announced on 29 July that it has entered into a sales agreement to dispose of its 98.47% interest in the Tokyo KR Ginza II office building for roughly JPY 11.52 billion, representing a 9.7% premium over the property valuation dated 10 July 2026.

NewTimeSpace News: On 29 July 2026, Keppel REIT released an announcement confirming it has sealed a deal to offload its 98.47% stake in Tokyo KR Ginza II at a consideration of about JPY 11.52 billion. The residual 1.53% interest will be sold simultaneously by Keppel Japan K.K.

Per the announcement, the asset is an 8-storey freehold office building fitted with retail premises on the ground floor, boasting a total leasable area of around 3,594 square metres. The transaction price carries a 9.7% premium relative to the independent valuation of JPY 10.5 billion derived via the income capitalisation approach as of 10 July 2026.

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Keppel REIT Asset Disposal