Keppel Data Centre REIT has agreed to buy two data centres in Southern China from Guangdong Bluesea Mobile Development for RMB1.38bn (€203m).

The two data centre facilities will be named Guangdong Data Centre 2 and Guangdong Data Centre 3 (Guangdong DC 2 and Guangdong DC 3) respectively upon completion of the acquisition.

With the acquisition of Guangdong DC 2 and Guangdong DC 3, Keppel DC REIT will have an expanded portfolio of 23 data centres across Asia Pacific and Europe, three of which are in China. Post-transaction, almost 63% of Keppel DC REIT’s assets will be located in Asia.

The latest commitments has increased Keppel DC REIT’s footprint in the Guangdong Province following its entry to the Chinese market last July.

The properties with a gross floor area of approximately 40,920sqm will be leased to Bluesea on a triple net basis for 15 years. 

Anthea Lee, CEO of Keppel DC REIT Management (the manager), said: “The acquisition will increase the number of data centres in the portfolio that are leased on a master leased basis resulting in higher portfolio weighted average lease expiry and occupancy.”

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