Keppel DC REIT's Keppel DC Singapore 5. (Photo: Google Maps)

Keppel DC REIT has entered into a sale and purchase agreement to acquire a 99% interest in Kingsland Data Centre for SGD295.1 million (USD220 million).

The five-storey property has been described by the REIT as purpose-built, carrier-neutral colocation data centre with leading internet enterprise and IT services clients.

The property, which features 98,769 square feet of net lettable area (NLA), and has a committed occupancy of 84.2%, with the vacant spaces being offices, said Keppel DC REIT.

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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.