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

Keppel REIT has named Koh Wee Lih as the new chief executive of its manager.

Koh, 49, is the present CEO of AIMS APAC REIT’s manager - a position he held since January 2014 and will relinquish in November 2021.

Prior to being AIMS APAC REIT’s chief executive, Koh was head of real estate at the same REIT from 2011 to 2013.

And just prior to that, Koh was a senior investment manager at AIMS APAC REIT from 2008.

Koh will take over the role of CEO from Paul Tham who will step away from Keppel REIT on 20 October “to pursue other opportunities”.

“Wee Lih brings to Keppel REIT his depth of experience in real estate investment, asset management and redevelopment and corporate finance”, said Penny Goh, Chairman of Keppel REIT’s manager.

“The board looks forward to working with Wee Lih in Keppel REIT’s next phase of growth as we continue our drive to optimise and grow Keppel REIT’s portfolio for stable and sustainable returns to our unitholders”, she added.

Related: CEO of Keppel REIT’s manager resigns

Keppel REIT was last done on the SGX at SGD1.05, which currently implies a distribution yield of 5.6% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.