Keppel REIT (SGX:K71U) managed by Keppel REIT Management Limited eyes on third stake in Marina Bay Financial Centre Tower 3 of Keppel Land Limited (SGX:K17). Ng Hsueh Ling, Chief Executive Officer of Keppel REIT Management, said: "It depends on whether Keppel Land is willing to divest their stake in MBFC Tower 3. Now Tower 3 is probably 90 plus per cent occupied so we have not approach Keppel Land yet, it is only the beginning of this year. At the right time, we can actually approach them and we can see if they are willing to divest off their one-third stake this year, for example.

So we can't shed any light on this yet because we have not approached Keppel Land. Based on the current trading level, it may not be so easy to acquire Tower 3, assuming Keppel Land is willing to divest it. So one of our intentions was we could consider divesting one of our older assets to partially fund the Tower 3 acquisition so that we do not have to go to the market for huge equity raising.

Nothing has been crystallised as yet."