This is partly due to strong demand for prime office space. : SINGAPORE – Keppel Reit posted net property income (NPI) of $48.2 million for the first quarter ended March 31, up 7.2 per cent from $45 million in the first quarter of financial year 2023. This was mainly due to higher rentals and contributions from 2 Blue Street, a 10-storey office building in Sydney, said the real estate investment trust’s (Reit) manager in a business update on April 23. NPI attributable to unit holders also grew, rising by 7.1 per cent to $43.4 million from $40.5 million.