Keppel DC Reit pays 81.8m euros for 2nd data centre in Germany
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Vivienne Tay
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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.
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