Keppel DC Reit and sponsor Keppel acquire Tokyo data centre for $195 million

Quick Summary:

The deal is Keppel DC Reit’s first acquisition in Japan.

Units of Keppel DC Reit ended July 10 up 1.1 per cent at $1.85, while Keppel shares were 1.7 per cent higher at $6.68.

The total purchase consideration of 23.4 billion yen (S$195 million) stands at a 2.5 per cent discount to the property’s valuation of 24 billion yen, said the Reit manager on July 11.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Keppel Acquisition Reit Data Manager Tokyo Cent Remaining Reit’s Interest Centre

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 09:17:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 615 words

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Copyright Owner: © The Straits Times

News ID: 21570367

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