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Keppel DC REIT (SGX: AJBU)
Keppel DC REIT announced its follow-up data centre acquisitions in China nearly a year after making its first acquisition in the country.
In July last year, the data centre REIT purchased a fully-fitted data centre in Guangdong province for around S$132 million.
This facility is the first of six data centres to be completed within the Bluesea Intelligence Valley Mega Data Centre Campus, with the REIT having the right-of-first-refusal over the remaining five.
Keppel DC REIT is now buying another two data centres for around S$297.1 million that have a gross floor area of around 40,920 square metres.
The two centres will be master leased on a triple-net basis for 15 years and will improve the REIT’s portfolio occupancy to 98.9% and its weighted average lease expiry by leased area to 8.8 years....