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

Bolstered by a significant volume of married deals on 16 November, the unit price of Keppel REIT has rebounded to levels last seen in July 2021.

The deals came as Keppel Corporation maintained that it will not be upping its offer for Singapore Press Holdings (SPH).

Keppel Corporation first announced in August 2021 that it is looking to acquire all the shares of SPH, following a restructuring of the entity’s media business.

Related: SPH REIT to gain acquisition pipeline from Keppel Land in privatisation deal

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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.