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Keppel DC Reit buys second Dublin asset

Published Wed, Sep 13, 2017 · 09:50 PM

Singapore

DATA centre owner Keppel DC Reit said on Wednesday that it has bought its 13th data centre and its second in Dublin, Ireland, for 66 million euros (S$101.3 million).

The price includes a 999-year long leasehold interest. Pro forma net profit of the centre in 2016 is three million euros.

The purchase will be funded entirely by debt. After the deal, Keppel DC Reit's leverage as of end-June is expected to rise from 27.7 per cent to 32.4 per …

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