Keppel DC Reit sees opportunities in favourable supply-demand environment
Add BT as a preferred source
AS IT approaches its 10th anniversary, Keppel DC Real Estate Investment Trust (Reit) has grown its assets under management by almost four times, from S$1.1 billion as at end-2015 to S$3.7 billion as at end-2023.
With data centre demand continuing to rise, Loh Hwee Long, chief executive of the Reit’s manager, said that the Reit will focus on Singapore and Japan for good quality deals that are accretive to its unitholders.
He noted that both locations have a tight supply of data centre capacity and high demand, resulting in favourable dynamics for landlords.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Lazada cuts about 5% of workforce as part of review across South-east Asia markets
Singtel sells S$1 billion in Gulf Development shares
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
