Keppel REIT and Keppel Capital Holdings Pte. Ltd. entered into a trust beneficial interest purchase and sale agreement to acquire Trust beneficiary interest in Tokyu Ginza 2-chome Building from Tokyu REIT, Inc. for Ñ9 billion.

Keppel REIT (SGX:K71U) and Keppel Capital Holdings Pte. Ltd. entered into a trust beneficial interest purchase and sale agreement to acquire Trust beneficiary interest in Tokyu Ginza 2-chome Building from Tokyu REIT, Inc. (TSE:8957) for Ñ9 billion on October 28, 2022. The consideration will be paid in cash.

Keppel Capital Holdings Pte. Ltd. will hold 1.53% effective interest and Keppel REIT (SGX:K71U) will hold 98.47% effective interest in property. Payment of the purchase price of the Disposition will be conducted at time of delivery for the property.

The transaction is expected to complete on November 30, 2022.