$KEPPEL DC REIT(AJBU.SI)$has acquired a freehold property comprising two data centre buildings in De Hurk, a business park in Eindhoven in the Netherlands. The REIT paid EUR37.2 million ($59.9 million) for the properties and the seller was a fund affiliated with MCAP Global Finance (UK).

Based on an independent valuation by CBRE Valuation & Advisory Services, the market value of the property was set as EUR35.4 million.

The property will be named Eindhoven Campus and it is Keppel DC REIT’s third data centre asset in the Netherlands. The data centres are close to Eindhoven’s city centre and international airport. The property consists of two shell and core data centre buildings as well as a warehouse and an ancillary office building. It is fully leased to a global leading IT services provider.

“With this acquisition, we also diversify our portfolio base with the addition of a well-established data centre client and we look forward to establish strong ties with this client,” says Anthea Lee, CEO of Keppel DC REIT Management, the manager of the REIT.