The proposed acquisition of One Twenty Five, which comprises two Class A office buildings with a net leasable area of 445,317 sqft, is expected to be DPU accretive.
SINGAPORE (Sept 9): Fresh from its change in name as it enters into a new outsourcing management agreement, Keppel Pacific Oak US REIT, formerly known as Keppel-KBS US REIT, is expanding into another key growth market in the US.
The new manager announced Sept 6 that KORE is acquiring a freehold office complex in Irving, Dallas, Texas, for US$101.5 million ($140.1 million), extending the REIT’s presence to a total of eight markets.
