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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

Published Mon, Sep 16, 2019 · 09:50 PM

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 fundraising comprises a combination of a private placement and preferential offering, as w…

KEYWORDS IN THIS ARTICLE

Data centres

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Companies & Markets

Companies & Markets

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

KEYWORDS IN THIS ARTICLE

Companies & Markets

Sanofi Q1 profit slips on generic competition, forex effects

Toyota hits record annual output, sales on robust demand

Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip

Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution

Nissan, Mazda roll out new models for China as they aim for comeback

South Korea readies new system to detect illegal short-selling

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