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Keppel T&T pushes ahead with IPO of data centre Reit
The initial portfolio of Keppel DC Reit is expected to comprise eight data centre properties in the Asia-Pacific and Europe
Angela Tan
Published Mon, Nov 10, 2014 · 09:50 PM
Singapore
KEPPEL Telecommunications & Transportation (Keppel T&T) is pushing ahead with the planned multi-million dollar initial public offer (IPO) of its data centre real estate investment trust (DC Reit), the first of its kind in Asia.
Bankers said Keppel T&T, the logistics and data centre arm of diversified marine conglomerate Keppel Corp, is looking to raise some S$540 million; the Reit's market capitalisation could be around S$840 million when it is listed.
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