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KKR Acquires Twenty Anson

April 18, 2022

Transaction marks KKR’s first real estate office investment in Singapore

SINGAPORE–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the completion of KKR’s acquisition of Twenty Anson, a prime-grade office building in Singapore’s central business district (CBD). The transaction marks KKR’s first real estate office investment in Singapore, and reflects KKR’s confidence in Singapore’s position as a leading regional financial hub and the long-term prospects of its office real estate market.

Completed in 2009, Twenty Anson is a 206,163-square-foot commercial building in the heart of the Tanjong Pagar precinct and part of Singapore’s CBD. The building sits at the nexus of multiple new office, hotel and retail, and residential developments, and is situated near public transportation networks. The prime-grade asset is also recognized for its Environmental, Social, and Governance (ESG) credentials, having attained both LEED Certified Gold and the BCA Green Mark Platinum certifications.

Jeremy Chee, Principal and KKR’s real estate lead in Southeast Asia, said, “Our acquisition of Twenty Anson is aligned with our strategy of pursuing opportunities in Southeast Asia, including in Singapore that will benefit from long-term tailwinds such as the city-state’s status as a leading destination for corporations’ Asia headquarters, and as Singapore re-opens and stabilizes in a post-COVID environment. We are also attracted by Twenty Anson’s strong ESG credentials, which tenants increasingly seek and complements KKR’s global expertise in ESG.”

In Singapore and Southeast Asia, KKR continues to be confident about commercial real estate opportunities on the back of market trends and strengthening macroeconomic tailwinds. Sustainable real estate is also a focus, given the region’s growing emphasis on sustainable cities and as urbanization continues to drive development.

Tom Lee, Managing Director of Real Estate at KKR, added, “We are excited to make our first real estate office investment in Singapore with Twenty Anson, a high-quality asset strategically located in the up-and-coming Tanjong Pagar precinct. We are optimistic about Singapore’s economic growth and the long-term prospects of its office real estate sector, buoyed by the country’s strong recovery from the pandemic, macro tailwinds, and supportive government policy. Singapore continues to be a key part of our real estate strategy.”

KKR is making its investment from its Asia Pacific real estate strategy. Twenty Anson is KKR’s latest real estate investment in Asia Pacific and adds to past investments in key markets around the region, including Namsan Square, an office tower located in Seoul’s CBD, K Twin Towers, two prime office towers in Seoul’s CBD, World Trade Center, an office complex in Melbourne, Sofitel Sydney Wentworth, a landmark hotel in the financial core of Sydney’s CBD, and a mixed-use property near the iconic Shanghai Bund.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

KKR Media

Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Source: KKR


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Kristi Huller
Julia Kosygina
Liidia Liuksila
Telephone: +1 (212) 750-8300

Email: media@kkr.com

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Annabel Arthur
Miles Radcliffe-Trenner
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Wei Jun Ong
Telephone: +852 3602 7335

Email: media@kkr.com

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This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

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