Artist's impression of Keppel REIT's office development in North Sydney. (Keppel REIT)

Keppel REIT witnessed an SGD12.7 million net outflow of institutional funds during the trading week that began on 31 October.

The fund outflow came days after Keppel REIT disclosed that it is making a foray into the Japanese market by acquiring a stake in an eight-storey office asset in Tokyo.

Related: Keppel REIT marks entry into Japan with JPY8.83 billion acquisition

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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.