Singapore's Keppel DC REIT enters Japan with $145M data center purchase

By Reuters

Jul 12, 2024 12:01 am

SINGAPORE ― Singapore-listed data center real estate investment trust Keppel DC REIT and sponsor Keppel are set to buy a data center in Tokyo for 23.4 billion yen ($145 million), in the REIT's first Japanese acquisition.

The figure represents a 2.5 percent discount to the 24 billion yen valuation of Tokyo Data Center 1, the REIT's manager ― Keppel DC REIT Management ― said in a statement on Thursday.

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