Keppel DC Reit jumps on proposal to buy two S’pore data centres from sponsor Keppel Corp

Quick Summary:

The move will take the number of Singapore data centres in Keppel DC Reit’s portfolio to eight.

Investors liked the news and sent the trust’s units up 4.1 per cent to $2.28, with a hefty 35.6 million units changing hands.

Data centres are large, power-intensive facilities built to accommodate servers, data storage systems and networking equipment that support better internet services and telecommunications.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Singapore Price Investors Cent Reit Data Lease Keppel Units Million Centres

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 19:45:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23719672

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