News & Insights: 17/02/2025
ICYMI - Keppel DC REIT to divest in German data centre asset for €50mm
In today’s newsletter, Energy & Infrastructure Moves has learned of an opportunistic divestment by Singapore-based Keppel DC REIT Management Pte. Ltd., in its capacity as manager of Keppel DC REIT. The offer, announced today, will be for 100% freehold interest in Kelsterbach Data Centre in Frankfurt, Germany, and has set asset value at €50.0 million (approx. $70.6 million).
CEO of Keppel DC REIT Management Pte Ltd, Loh Hwee Long (pictured below) said: “Our proactive portfolio management strategy enables us to unlock value and redeploy capital into higher-yielding data centre assets, that will further optimise returns to our Unitholders. Post transaction, Keppel DC REIT remains well-positioned to pursue accretive data centre investment growth opportunities in key digital hubs in Asia Pacific, Europe and the US.”
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