Keppel DC Reit acquires data centre in Milan for 37.3 million euros

Singapore

KEPPEL DC Reit - said to be the first pure-play data centre Reit listed in Asia - has acquired the shell and core building of a data centre in Milan, Italy, for 37.3 million euros (S$57.3 million).

This marks the Singapore Exchange-listed Reit's first property in Italy. Chua Hsien Yang, chief executive officer of Keppel DC Reit Management, which manages the Reit, said Milan is an "emerging regional IT hub that is well-connected to other European markets".