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Keppel-KBS US REIT acquiring Redmond, Washington portfolio for US$169 mil

Property

Keppel-KBS US REIT acquiring Redmond, Washington portfolio for US$169 mil

PC Lee Published on Mon, Sep 24, 2018 / 10:21 AM GMT+8

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SINGAPORE (Sept 24): The manager of Keppel-KBS US REIT is acquiring 21 buildings in a US suburban business campus for a consideration of US$169.4 million ($231.4 million).

Dubbed the Westpark portfolio, the 21 buildings have a total of 781,966 sf over 41 acres.

Located adjacent to downtown Redmond, Washington, the portfolio includes three clusters of buildings:

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