Keppel DC REIT to acquire two data centres at Genting Lane in Singapore from Keppel for $894m.

Keppel DC REIT, a data centre real estate investment trust, agreed to acquire two data centres at Genting Lane in Singapore from Keppel, an infrastructure company, for $894m. “The injection of KDC SGP 7 and KDC SGP 8 into Keppel DC REIT underscores our strengths as a global asset manager and operator to structure deals with compelling outcomes and strong value creation for the Company, our private funds and REIT. Our integrated ecosystem provides access to power and other critical resources, technology know-how and strong customer relationships with hyperscalers worldwide, which are crucial for success in the data centre business. With the ability to invest with multiple pools of capital, Keppel can develop a robust pipeline of AI-ready data centres that offer effective solutions for customers and attractive investments for our funds and REIT," Manjot Singh Mann, Keppel CEO.