Keppel DC Reit adds data centre to portfolio

Q3 DPU of 1.9 Singapore cents is 13.8% higher than forecast; distributable income 13.7% better than projected

Published Mon, Oct 17, 2016 · 09:50 PM

Singapore

PERPETUAL (Asia), as trustee of Keppel DC Reit, has entered into a conditional share purchase agreement with Keppel Data Centres Holding (KDCH) for the proposed acquisition of a 90 per cent interest in Keppel DC Singapore 3 (KDC SGP 3), for about S$202.5 million.

An announcement on Monday by Keppel DC Reit Management, the manager of the Reit, said that KDCH is a joint venture between Keppel Telecommunications & Transportation and Keppel Land.

The proposed transaction will be funded via the net proceeds of some S$275.3 million from a fully underwritten preferential offering of 242 million new units on the basis of 274 new units for every 1,000 existing uni…