Blue & William photography, 30th of March, 2023

Data analytics and technology company Equifax has begun operations at Blue & William in North Sydney, Australia - an asset of Keppel REIT.

The 10-storey asset is developed and managed by Lendlease.

As Blue & William’s anchor tenant, Equifax occupies more than 4,350 square metres across levels 5 to 7.

Keppel REIT first announced in November 2022 that it has secured the tenancy of Equifax at the property.

The asset achieved practical completion in April 2023 and has maintained strong interest from potential tenants, said Keppel REIT.

Almost half the office space is now leased, the REIT added.

Equifax and Northbrew Café are the first occupants at the asset.

Other tenants, including global consulting firm, Human Synergistics, will follow in early 2024.

The building is designed to achieve the 5 Star Green Star Design and As Built Rating by the Green Building Council of Australia, as well as the 5.5 Stars National Australian Built Environment Rating System (NABERS) Base Building Energy Rating.

Keppel REIT was last done on the Singapore Exchange at SGD0.84, which presently implies a distribution yield of 6.9% 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.