Keppel Reit eyes diversification into retail with focus on Singapore

[SINGAPORE] Keppel Reit is charting a more diversified growth path that allows for retail assets to account for up to 20 per cent of its office-heavy portfolio.

But Singapore will remain its anchor market.

The strategy reflects a careful balancing act for the Singapore-listed real estate investment trust (S-Reit) by tapping opportunities in a recovering retail sector to broaden income streams, while meeting long-standing investor preference for Singapore-focused assets.