Keppel-KBS seeks to ape Manulife Reit success

A second US-focused real estate investment trust launches a Singapore IPO in the hope of riding the momentum generated by its closest peer.

Keppel-KBS US Reit launched a $448 million initial public offering on Wednesday, hoping to replicate the success of its predecessor, Manulife US Reit, which has consistently outperformed expectations since it listed in May 2016.

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