// Adds dimensions UUID, Author and Topic into GA4
Wednesday, September 23, 2026
25.3 C
Singapore
type here...
Keppel Bay Tower, Singapore
Photo: Keppel Bay, Facebook/Desmond Lee
BusinessProperty
Less than 1 min.Read

Keppel DC REIT completes acquisition of two Singapore data centre buildings in S$8.4M deal

Mary Alavanza
By Mary Alavanza

SINGAPORE: Keppel DC REIT has acquired two data centre buildings, Keppel DC Singapore 7 and Keppel DC Singapore 8, from Keppel Griffin, an indirect wholly-owned subsidiary of Keppel.

Its trustee, Perpetual (Asia) Limited, exercised the call option and entered into a sale and purchase agreement with Keppel Griffin to acquire the remaining 51% of shares in Memphis 1. Memphis 1 owns both data centre buildings.

The consideration price for the acquisition was about $8.4 million, subject to completion adjustments, Singapore Business Review reported, citing the company’s bourse filing.

With the acquisition completed on Wednesday (Sept 3), Keppel DC REIT now holds 100% interest in Memphis 1 and full ownership of the two facilities. The acquisition will be funded through debt or existing cash.

The REIT said the purchase is not expected to have any material impact on its net asset value and distribution per unit for the financial year ending December 31 2025. /TISG

Read also: HPL receives green light to acquire entire Concorde Hotel and Shopping Mall strata area at S$821M

Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Malaysia

Johor Menteri Besar visits Machap Dam as declining water levels prompt cloud seeding and emergency transfers amid prolonged dry spell

Johor Menteri Besar Dato' Onn Hafiz Ghazi has visited Machap Dam to assess declining water levels following continuous hot weather since early August, with mitigation measures including cloud seedi...
International

‘Leave innocent people alone’: OK Chicken Rice founder in Singapore weighs in on Ed Sheeran’s troubles

Daniel Tan Boon Huat has been posting on social media defending the British singer

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks