Keppel DC REIT Acquires Full Ownership of Two Singapore Data Centres for $50.5 Million

Reuters12-16
<a href="https://laohu8.com/S/AJBU.SI">Keppel DC REIT</a> Acquires Full Ownership of Two Singapore Data Centres for $50.5 Million

Keppel Ltd.'s Connectivity Division has agreed to sell its remaining 10% stake in Keppel DC Singapore 3 and 1% stake in Keppel DC Singapore 4 to Keppel DC REIT for a total cash consideration of $50.5 million. The completion of these transactions, expected by the first quarter of 2026, will result in Keppel DC REIT holding full ownership of both data centres. The acquisitions are expected to be immediately accretive to distribution per unit (DPU), with a projected increase of 0.8% for FY2024, and will strengthen Keppel DC REIT's position in Singapore's data centre market. These moves form part of Keppel's broader asset monetisation programme, bringing its announced monetisation for the year to date to over $2.4 billion.

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