Keppel DC Reit H2 DPU up 2.8% to S$0.04927; potential lifting of moratorium 'not a concern'

THE manager of Keppel DC Reit AJBU has brushed aside concerns over the potential impact of new supply of data centres in Singapore, as the government mulls the lifting of a moratorium on the development of new data centres facilities that has been in place since 2019.

"Even if the data centre moratorium is lifted today, the new data centres will take some time to be built. And there may be more rules and regulations imposed to make sure that they are also in line with the sustainability efforts that the government is pushing forward," said chief executive officer of Keppel DC Reit manager Anthea Lee in a briefing following the release of its FY2021 results on Monday (Jan 24).

"We were listed in 2014. At that point in time, there was no government moratorium (and) it was not a concern for us. Even now, it wouldn't be a concern," she added. "I will not see the government moratorium as a concern for (Keppel DC Reit's) unitholders."