- Keppel DC REIT is acquiring two AI-ready hyperscale data centres SGP7 and SGP8 located at 82 Genting Lane in Singapore from a 60:40 joint venture between Keppel (SGX:BN4)’s Connectivity Division and Cuscaden Peak Investments for S$1.38b.
AI-capable & fully committed.
- - Read this at SGinvestors.io -
- SGP8 received TOP in Aug 24. It is expected to complete fitting out by 1Q25 and will be fully occupied by 3Q25.
Scaling up in home base Singapore.
- - Read this at SGinvestors.io -
- Both SGP7 and SGP8 are 100% contracted to global hyperscalers from the cloud services, Internet enterprise and telecommunications sectors on a colocation basis. The proportion of rental income from hyperscale customers would increase from 51.5% to 64.2%.
- Keppel DC REIT’s exposure to Singapore will expand from 53% to 67% of AUM. Singapore has one of the lowest colocation vacancies of 1% in the Asia Pacific region.
Structure of shares and notes transaction.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-20
Previous report by UOB:
2024-10-21 Keppel DC REIT 3Q24 - Positive Momentum To Sustain Into 4Q24 & 2025.
Price targets by 2 other brokers at Keppel DC REIT Target Prices.
Listing of research reports at Keppel DC REIT Analyst Reports.
Relevant links:
Keppel DC REIT Share Price History,
Keppel DC REIT Announcements,
Keppel DC REIT Dividends & Corporate Actions,
Keppel DC REIT News Articles
