Keppel Capital’s Singapore-listed data centre real estate investment trust has acquired a second asset in Germany in an €81.8m deal
Keppel DC REIT has agreed to buy the fully-let 540,869sqft data centre facility in Kelsterbach from Maena KG.
Keppel DC REIT said the deal, which is expected to be completed next year, is likely to be fully funded by debt.
The latest acquisition is the company’s second data centre in Germany and its eighth in Europe.
Chua Hsien Yang, CEO of Keppel DC REIT Management, said, “The addition of this data centre will strengthen Keppel DC REIT’s foothold in Germany, which is one of the most established data centre markets in Europe.
This acquisition underscores our focus on executing and delivering on our growth initiatives to capture value from the fast-growing digital economy and capitalise on rising demand for data centre facilities.”