Keppel DC REIT (KDC REIT) is a pure-play data centre REIT listed on the Singapore Exchange. The REIT invests in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes.
On 23 October 2019, Keppel DC REIT held an EGM seeking unitholders approval to acquire a 99% interest in Keppel DC Singapore 4 (KDC SPG 4) and 100% interest in DataCentre One (DC1).
Source: KDC REIT EGM slidesKeppel DC REIT had raised S$478.2 million through a private placement of 135 million units at an issue price of S$1.744 per unit, and a preferential offering of about 142 million units at an issue price of S$1.71 to fund the acquisition of the two data centres. The preferential offering was well received by unitholders with an oversubscription of 9.3 times.
Here are the seven things I learned from the 2019 Keppel Data Centre
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