Keppel DC Reit banks on data explosion

Singapore

KEPPEL DC Reit, en route to the Singapore Exchange mainboard come Dec 12, is riding on data explosion or Big Data, the rising trend of outsourcing data centre needs and the high entry barrier in an industry it has built a deep presence in over the past 12 years to drive growth.

Armed with an initial portfolio worth some S$1 billion of eight data centres scattered across six countries deemed as markets with medium to high growth opportunities - Singapore, Malaysia, Australia, United Kingdom, Ireland and The Netherlands - with a 94 per cent occupancy rate and 98 per cent customer retention rate, Keppel DC Reit lodged its final prospectus on Friday.