13 Sep '17, 2pm

Singapore firm acquires Dublin data centre for €66m https://t.co/XSa9SktVlC

Singapore firm acquires Dublin data centre for €66m https://t.co/XSa9SktVlC

A Singapore-listed real estate investment trust has acquired a data centre in Dublin for €66 million. The acquisition of the centre in the Ballycoolin business and technology park is Keppel DC REIT’s second venture in Dublin. The 25,200sq ft data centre is currently over 87 per cent leased. It was previously owned by Dataplex. “This asset is a strategic addition to Keppel DC REIT’s portfolio given its strong tenant profile...Apart from enhancing its offering in a key data centre hub, the REIT will be able to reap operational synergies from its existing data centre,” said Chua Hsien Yang, chief executive of the company. Funded by debt, this acquisition brings Keppel’s assets under management to $1.53 billion with a lettable area of over 917,000sw ft. Keppel, which listed on the Singpore Exchange in 2014, principally invests in income-producing real estate assets primarily u...

Full article: https://www.irishtimes.com/business/commercial-property/s...

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