Keppel DC REIT Sells Malaysian Property

News about Keppel DC REIT

Keppel DC REIT is announcing the divestment of Basis Bay Data Centre, in Cyberjaya (Malaysia):

Keppel DC REIT’s share of the consideration paid by the purchaser is RM55.1 million, based on Keppel DC REIT’s 99.0% shareholding in Basis Bay Capital Management. This share of the consideration is 2.6% above the assessed market value of Keppel DC REIT’s 99.0% freehold interest in the property, according to a Dec 1, 2024 valuation by JLL.

Keppel DC REIT
Price2.210 SGD
NAV1.520 SGD
Yield (4 quarters)4.28%
Gearing31.5%