Singapore

KEPPEL DC Reit on Thursday said it will be acquiring its second data centre in Kelsterbach, Germany for 81.8 million euros (S$125.3 million). This will be its eighth data centre in Europe.

The real estate investment trust is buying the entire freehold interest in the shell and core purpose-built data centre from Maena KG, and the deal is expected to be completed in 2020. The Reit said the buyout would likely be fully funded by debt.