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.
To read the full article, please login or subscribe.