Keppel DC Sells German Property for 50 Million Euros

News about Keppel DC REIT

Keppel DC REIT is divesting a data centre in Frankfurt, Germany, for 50 million Euros:

Following the divestment, the Reit’s portfolio occupancy will stand at 96.6 per cent, while its weighted average lease expiry by net lettable area will improve from 6.3 years to 7.4 years.

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