There sometimes is a theoretical debate whether when leases expire, concession ends, do the land title or ownership hands back to the owner. Often the owner is government or another company that owns the land title deeds. Yesterday Keppel DC REIT, one of Singapore’s unique REIT that focus on data center with long lease to tenants, acquired the rest of the 999 year lease of a data center they currently own in Dublin, Ireland. The total consideration was for 30 mil Euros or S$48 mil. Completion is expected to be in 2020. Keppel DC IPO in End 2014, so the land lease when IPO has only 27 year land lease left. Keppel Dublin DC 1 was known as Citadel 100 Data Centre during IPO. The Appraised Value then was S$102 mil. In 2016 Annual Report, it report the occupancy to be 55.8%. The Appraised Value has fallen to ......