Keppel DC Reit to acquire 2 China data centres for 1.6 billion yuan
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MON, JUN 20, 2022 - 7:19 PM  UPDATED MON, JUN 20, 2022 - 10:30 PM

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KEPPEL DC Reit has entered into conditional transactions to acquire 2 data centres in Guangdong, China, for a total price of about 1.6 billion yuan (S$338.3 million)

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These acquisitions are expected to be accretive to the Reit’s distribution per unit. They will also bump up the Reit’s portfolio occupancy rate to 98.9 per cent from 98.7 per cent as at end-March, and raise its weighted average lease expiry to 8.8 years from 7.7 years.


https://www.businesstimes.com.sg/compani...llion-yuan
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