Keppel DC REIT has launched an equity fundraising exercise to raise gross proceeds of some SGD473.8 million.

This amount will be raised via a private placement, and a preferential offering exercise.

Gross proceeds will be deployed towards financing the acquisition of two data centres in Singapore, which was announced on 13 September.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.