A Second German Data Center for Keppel DC

News about Keppel DC REIT

Keppel REIT is announcing the purchase of a second data center in Germany. Located in Kelsterbach, near Frankfurt Airport, the property is about 50,000 m² and fully leased on a triple-net basis until 2025.

The 81.8 € million cost will be funded by debt, pushing the trust leverage from 30.3% to 33.6%.

Keppel DC REIT
Price1.750 SGD
NAV1.370 SGD
Yield (4 quarters)5.70%
Gearing35.3%