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Keppel DC Reit to raise S$473.8m to help fund data centre acquisitions

The acquisitions are expected to be highly accretive to Keppel DC Reit's distribution per unit, says Reit manager

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Keppel DC Singapore 4 (above) is a five-storey facility with a net lettable area of about 84,544 sq ft, and an occupancy of 92 per cent. 1-Net North Data Centre is a five-storey purpose-built facility located at 18 Riverside Road.

BT_20190917_RMKEPPEL17_3894123.jpg
Keppel DC Singapore 4 is a five-storey facility with a net lettable area of about 84,544 sq ft, and an occupancy of 92 per cent. 1-Net North Data Centre (above) is a five-storey purpose-built facility located at 18 Riverside Road.

Singapore

KEPPEL DC Reit is planning to raise about S$473.8 million to partially fund the acquisition of a 99 per cent stake in data centre Keppel DC Singapore 4 (KDC SGP 4), along with a 100 per cent stake in 1-Net North Data Centre (1-Net North DC).

The proposed equity...

sentifi.com

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