Keppel DC REIT Management Pte. Ltd., as manager of Keppel DC REIT, has entered into a sale-and-purchase agreement to divest its 100 percent freehold interest in Intellicentre Campus in Sydney at an agreed value of A$174.0 million ($11.7 million) to Macquarie Data Centres Macquarie Park Property SubTST Pty. Ltd. (as trustee of Macquarie Data Centres Macquarie Park Property SubTrust).
The trustee and Macquarie Data Centres Macquarie Park Property SubTrust are indirect wholly owned subsidiaries of Australian-listed Macquarie Technology Group Ltd (MTG), which is also the ultimate parent company of Macquarie Data Centres Pty. Ltd. (MDC), the existing tenant of the property.
The agreed value represents a 35.4 percent premium to the property’s FY2023 valuation of A$1
