SINGAPORE (Oct 25): The manager of Keppel-KBS US REIT is seeking to raise US$448 million ($611 million) in its Singapore listing.

See: Keppel admits in talks with KBS to list US commercial REIT

Keppel-KBS US REIT Management, a JV between US real-estate investment firm KBS Realty Advisors and Keppel Capital, the asset-management arm of Keppel Corp, is selling 509.1 million units of the REIT at US$0.88 each, according to a prospectus filed with MAS on Wednesday.

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