Alpha DC Fund and Keppel Data Centers sell Keppel DC Singapore 4

Alpha DC Fund Pte Ltd and Keppel Data Centres Holdings Pte Ltd (KDCH) have, through a joint venture, entered into agreements for the sale of its interest in Keppel DC Singapore 4 (KDC SGP 4), which has a gross property value of $388.8 million.

Chua Hsien Yang, CEO of the Manager, said, "Singapore is amongst the world's fastest-growing data centre markets, driven by demand from internet enterprises as well as the IT services, telecommunications and financial services sectors. The strategic acquisitions of these two quality data centres will strengthen Keppel DC REIT's foothold in this robust market. With the proposed acquisitions, Keppel DC REIT will have data centres across the Northern, Central, Eastern and Western regions of Singapore, which puts us in a strong position to serve a wider range of clients."

A 99 percent interest ($384.9 million) in KDC SGP 4 will be sold to Keppel DC REIT, and the remaining 1 percent ($3.9 million) to KDCH.

Alvin Mah, CEO of Alp