Keppel DC Reit continues its expansion and announces the acquisition of a data centre in Guangdong, China, for RMB 635.9 million (about S$132 million):

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 sqm (221,689 sq ft), the seven-storey data centre is designed in accordance with the Code for Design of Data Centre Grade A GB, where Grade A is the highest standard for data centres in China. Situated within the Bluesea Intelligence Valley Mega Data Centre Campus, the facility is the first of six data centre 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 centres within the campus.

The manager expects the transaction to be yield accretive and completed in the third quarter of 2021.