Keppel DC REIT's property in Singapore, T25. (Photo Keppel T&T)

Singapore infrastructure company Keppel Telecommunications & Transportation (Keppel T&T) (SGX:K11) will seek approval from shareholders on 25 November in an EGM to list the Keppel Data Centre REIT (Keppel DC REIT).

Notice of the EGM was made in a circular issued to shareholders of Keppel T&T on 10 November. Also revealed in the circular were names of the eight properties that will form the initial portfolio of Keppel DC REIT.

They are namely its two data centres in Singapore at 25 Serangoon North Avenue 5 and 25 Tampines Street 92, Gore Hill Data Centre in Sydney, Australia, iseek Data Centre in Brisbane, Australia, Basis Bay Data Centre in Selangor, Malaysia, GV7 Data Centre in London, UK, Almere Data Centre in Amsterdam, the Netherlands and Citadel 100 Data Centre in Dublin, Ireland.

Keppel T&T has indicated that it intends to subscribe for new units comprising of at least 30.1% interest in Keppel DC REIT upon its IPO.

However no indication as to when the REIT will be listed or what it's indicative price range will be. Keppel T&T indicated in October 2014 that it will spin off the company's data centres into what will be Asia's first data centre REIT.

Keppel T&T's data centre in Singapore could be a property in the impending REIT.  (Photo: Keppel T&T)
Keppel T&T's data centre in Singapore could be a property in the impending REIT. (Photo: Keppel T&T)

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.