Keppel DC REIT and Keppel have indirectly entered into agreements with unrelated third-party sellers to collectively acquire 90 percent effective interests in Tokyo Data Center 4 and Tokyo Data Center 5, two freehold, fully fitted hyperscale colocation data centers in Inzai City, Greater Tokyo, Japan.
Upon completion, Keppel DC REIT will hold an 88.62 percent effective interest in each data center, while Keppel, through its interest in Keppel Japan KK, will hold a 1.38 percent effective interest. The existing operator, an established global data center owner and operator, will retain a 10 percent interest in each data center, ensuring alignment of interests and operational continuity.
The aggregate purchase consideration, on a 100 percent basis, is JPY 190 billion ($1.22 billion), representing an approximately 2.1 percent discount to the assets’ JPY 194 billion ($1.24 billion) valuation. Keppel DC REIT will pay approximately JPY 168.4 billion ($1.01 billion) for its
