Keppel DC REIT acquires hyperscale data centre in Greater Tokyo for SGD707 million

Keppel DC REIT and Keppel Ltd have entered into agreements with unrelated third-party vendors to acquire a 100% interest in Tokyo Data Centre 3, a newly built hyperscale facility in Inzai City, Greater Tokyo, for JPY82.1 billion (approximately SGD707.0 million).

The consideration represents a 1.1% discount to the asset’s valuation of JPY83.0 billion.

Keppel DC REIT will hold a 98.47% effective interest in the property, with Keppel holding the remaining 1.53%.