Keppel REIT's Ocean Financial Centre, in which a stake was sold to Allianz Real Estate in 2018. (Photo: REITsWeek)

The COVID-19 pandemic will temper income from office properties for the next few years, and this could even lead to the rise of distressed assets.

However, Keppel REIT does not see compelling acquisition opportunities at the moment just yet.

Keppel REIT is an office REIT with a portfolio of nine Grade A office assets in Singapore, Australia, and South Korea.

The REIT’s assets in Singapore are namely 79.9% interest in Ocean Financial Centre, a one-third interest in Marina Bay Financial Centre, and a one-third interest in One Raffles Quay.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.