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

Keppel DC REIT has completed the acquisition of a 99% interest in Kingsland Data Centre for SGD295.1 million (USD220 million).

The property, which is located at 13 Sunview Way, Singapore, was officially inducted into the REIT’s portfolio on 12 June.

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

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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.