Keppel DC REIT makes first data center acquisition in China

Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd. (Bluesea) and its parent company, Guangdong Bluesea Mobile Development Co. Ltd., to acquire Guangdong Data Center, a fully-fitted data center facility in Jiangmen, Guangdong Province, China, for RMB 635.9 million ($98 million). This marks Keppel DC REIT’s first data center acquisition in China.

The property will be fully leased back to Bluesea on a triple-net basis for 15 years. With a gross floor area of approximately 20,595 square meters (221,689 square feet), the seven-story data center is designed in accordance with the Code for Design of Data Center class A GB, where class A is the highest standard for data centers in China. Situated within the Bluesea Intelligence Valley Mega Data Center Campus, the facility is the first of six data center buildings to be completed. As part of this agreement, Keppel DC REIT will have the right of first refusal to acquire the remaining five data