Perennial Real Estate Holdings and CapitaLand executive Jesline Goh has been appointed as CEO of Keppel REIT Management Limited, according to an announcement this week by the Singapore-based real estate investment firm.
Goh will take over the top slot at the manager of $8.4 billion Keppel REIT from Ng Hsueh Ling on February 1st, as Ng takes on the role of Director for New Businesses at Keppel REIT Management’s parent firm, Keppel Corporation Limited.
“The Board is confident that Jesline will augment and further strengthen Keppel REIT Management’s team,” said Keppel REIT chair Audrey Chin. ” Her in-depth knowledge and extensive experience in the real estate sector will enable a smooth transition so that Keppel REIT can continue to deliver sustainable returns to Unitholders.” In its statement, the trust explained the management transition as part of the group’s regular rotation and succession planning for key executives.
Keppel REIT is one of the largest REITs listed on the Singapore Exchange with assets under management of $8.4 billion at the end of 2015. The trust’s portfolio includes 11 office towers in the central business districts of Singapore, as well as in Sydney, Melbourne, Brisbane and Perth in Australia.
In Singapore, the trust holds a 99.9% interest in Ocean Financial Centre, a one-third interest in Marina Bay Financial Centre (comprising office Towers 1, 2 and 3 and the subterranean mall, Marina Bay Link Mall), a one-third interest in One Raffles Quay and a 100 percent interest in Bugis Junction Towers.
The 43-year-old Goh has over 18 year of experience in investment and corporate finance, including 12 years in the real estate industry. Before joining Keppel REIT to take on this role the National University of Singapore graduate had served as concurrently as deputy chief executive officer of Perennial Real Estate and Deputy Country Head for Singapore at CapitaLand Mall Asia Limited. Goh officially leaves Perennial on the 14th of this month.