Keppel DC REIT has acquired a property with two data centre buildings in the Netherlands for €37.2m.
The Keppel vehicle has bought the property located at the De Hurk business in Eindhoven from a fund affiliated with MCAP Global Finance UK. The deal is the third Netherlands asset for Keppel DC REIT.
Anthea Lee, CEO of Keppel DC REIT Management, manager of the REIT, described the Netherlands as a strategic market for Keppel DC REIT. It was among the top four data centre markets in Europe and the eighth-largest data centre market globally.
The acquisition would add a quality and green data centre in the key technology hub of Eindhoven to the Keppel DC REIT portfolio, Lee said.
To read the digital edition of the latest IPE Real Assets magazine click here.
