The Board and Management of Keppel REIT gathered for its offsite strategy meeting in Perth, Western Australia (WA), from 18 to 20 November 2015.
Kicking off the session, Dr Audrey Chin, Chairman of Keppel REIT Management, reiterated the need to stay nimble and continue to build on core strengths to sustain value for Unitholders. The Board and Management, joined by Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land, spent the day reviewing the REIT’s performance in 2015, brainstorming and charting plans for the coming years.
The team also visited the newly completed office tower on the Old Treasury site (pictured, blue building), ncluding a tour of the building’s top floor and the various art installations within the precinct. The office tower achieved practical completion in end-August 2015 and the Government of WA commenced its 25-year lease with options for another 25 years in end-November 2015.
Located in the city’s central business district (CBD), this landmark office development enjoys expansive views of Perth City, Swan River and the Elizabeth Quay precinct, which is currently under development.
Board members were briefed on the rejuvenation of the Old Treasury site, which includes Keppel REIT’s office building, as well as the redevelopment of the Elizabeth Quay precinct, both of which are part of the WA government’s plans to revitalise Perth.
The annual meeting ended with visits to comparable premium-grade buildings and a walk around Perth’s CBD, which provided Board members and management a better overview of the city and its developments.