Keppel DC REIT (SGX:AJBU) agreed to acquire the remaining stakes in Singapore-based data centers, according to a Tuesday filing with the Singapore Exchange.
Under the agreements, the REIT will acquire the remaining 10% interest in Keppel DC Singapore 3 for around SG$43.4 million and 1% interest in Keppel DC Singapore 4 for SG$5.9 million.
The acquisition will be funded through proceeds from a recent preferential offering and issuance of units to the manager for the acquisition fee.
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