Keppel DC REIT has entered into an agreement to acquire a data center in Bracknell, U.K. for £57 million (€67 million/$76 million). The property has been acquired from a Fiera Real Estate/SEDCO Capital joint venture and marks Keppel DC REIT’s second acquisition of a data center in the fast-growing data-center hub of Greater London, and its third in the United Kingdom.
Situated on a 4.7-acre plot of freehold land and with gross floor space of 94,867 square feet, the property, which will be named London Data Centre, consists of three interlinked two-story buildings that house data-center space along with ancillary office space. The property has been independently valued by Newmark Valuation & Advisory LLC, an independent valuation firm appointed by the trustee of Keppel DC REIT. The property is fully leased on an existing triple-net lease on a shell and core basis to a leading telecommunications company until 2039.
Bracknell is a thriving commercial center in th
