Keppel DC REIT Buys Into Tokyo Data Centre

News about Keppel DC REIT

Keppel DC REIT and its sponsor, Keppel, are jointly acquiring Tokyo Data Centre 1, in Tokyo, Japan:

The total purchase consideration of 23.4 billion yen (S$195.3 million) stands at a 2.5 per cent discount to the property’s valuation of 24 billion yen, said the Reit manager on Thursday (Jul 11).

The deal represents Keppel DC Reit’s first acquisition in Japan, which its manager’s chief executive, Loh Hwee Long, highlighted as one of the largest and fastest-growing data centre markets in Asia.

Keppel DC REIT
Price2.140 SGD
NAV1.370 SGD
Yield (4 quarters)4.15%
Gearing39.7%