Keppel says it will make an estimated gain of about $14.6 million from this transaction, including fair value adjustment to be recognised in 2H 2020.
Keppel Corp has proposed to sell its indirectly owned Keppel Bay Tower, an office building located in HarbourFront, for $657.2 million to Keppel REIT.
The transaction is expected to generate net sale proceeds of $597 million.
