Keppel’s Connectivity Division has agreed to sell the remaining interests in two Singapore-based data centers to Keppel DC REIT for a total cash consideration of $50.5 million. The sale includes the remaining 10 percent interest in Keppel DC Singapore 3 (KDC SGP 3) and 1 percent interest in Keppel DC Singapore 4 (KDC SGP 4).
KDC SGP 3 and KDC SGP 4 are carrier-neutral, purpose-built facilities providing dedicated colocation suites. They are strategically located in Tampines, one of the main data center hubs in Singapore, offering strong connectivity and infrastructure that are sought after by hyperscale clients. They are contracted to clients with strong credit profiles, ensuring stability of income.
Loh Hwee Long, CEO of the manager of Keppel DC REIT, said acquiring full ownership of KDC SGP 3 and KDC SGP 4 strengthens Keppel DC REIT’s position in Singapore’s data center market. The deal will give Keppel DC REIT 100 percent ownership of the interests in the two
