Business
Keppel DC REIT Boosts Fundraising to S$625 Million After Strong Investor Demand
SINGAPORE — Keppel DC REIT has increased the size of its latest private placement to S$625 million, up from about S$600 million, after the fundraising drew strong demand from institutional and accredited investors globally. The placement was approximately 3.4 times covered, with the majority of the new units allocated to long-only investors and real-estate specialists, according to the REIT manager. The capital raising comes just days after Keppel DC REIT announced plans to expand its footprin
