Where would Keppel DC REIT's next buy be?
The REIT could spend as much as $600m in deals, and it won’t be in Singapore.
Keppel DC REIT is expected to spend as much as $600m in acquisitions in FY2020, with their buys likely coming from Europe and Australia, reports DBS Group Research.
DBS analyst Derek Tan revised the acquisition forecast upwards from $350m previously after taking into account the company’s current yield of c. 3.3%. The projection equals more than a 20% growth in portfolio.……
Singapore Business Finance
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