Keppel DC Sells Australian Property for a$174 Million

News about Keppel DC REIT

Keppel DC REIT is announcing the divestment of Intellicentre Campus, a data centre in Sydney, for A$174 million:

On Tuesday (Apr 16), Keppel DC Reit’s manager said the agreed value represents a 35.4 per cent premium to the property’s FY2023 valuation of A$128.5 million, and is 148.6 per cent higher than the Reit’s original investment of A$70 million in the asset.

Keppel DC REIT
Price1.780 SGD
NAV1.330 SGD
Yield (4 quarters)3.84%
Gearing37.6%