Singapore-listed data centre real estate investment trust Keppel DC REIT and sponsor Keppel are set to buy a data centre in Tokyo for 23.4 billion yen ($145 million), in the REIT’s first Japanese acquisition. <\/p>\n
The figure represents a 2.5% discount to the 24 billion yen valuation of Tokyo Data Centre 1, the REIT’s manager – Keppel DC REIT Management – said in a statement on Thursday. <\/p>\n
The REIT’s manager said Japan was Asia’s second-largest data centre hub and was set to expand at a compounded annual growth rate of over 10% from 2024 to 2028 driven in part by the proliferation of generative artificial intelligence. <\/p>\n
“Japan is a core market and the addition of Tokyo Data Centre 1 will further strengthen our portfolio’s geographical, as well as income diversification,” the REIT’s manager’s CEO, Loh Hwee Long, said in the statement. <\/p>\n
Upon completion of the acquisition in the third quarter, Keppel DC REIT will own 98.47% of the data centre, with Keppel holding the remainder. <\/p>\n
The REIT’s manager said Tokyo Data Centre 1 will be funded through yen-denominated debt.<\/p>\n","protected":false},"excerpt":{"rendered":"
Singapore-listed data centre real estate investment trust Keppel DC REIT and sponsor Keppel are set to buy a data centre in Tokyo for 23.4 billion yen ($145 million), in the REIT’s first Japanese acquisition. The figure represents a 2.5% discount to the 24 billion yen valuation of Tokyo Data Centre 1, the REIT’s manager – Keppel DC REIT Management – said in a statement on Thursday. The REIT’s manager said Japan was Asia’s second-largest data centre hub and was set to expand at a compounded annual growth rate of over 10% from 2024 to 2028 driven in part by the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-832452","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=832452"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832452\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=832452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=832452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=832452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}