trending Market Intelligence /marketintelligence/en/news-insights/trending/itc11ahg-e2igoj47vtwsw2 content esgSubNav
In This List

Keppel DC REIT wraps up purchase of 99% stake in Singapore data center

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Keppel DC REIT wraps up purchase of 99% stake in Singapore data center

Data center real estate investment trust Keppel DC REIT wrapped up its S$295.1 million purchase of a 99.0% stake in a data center at 13 Sunview Way in Jurong, Singapore.

The purchase was completed through the acquisition of the stake in Kingsland Data Center Pte. Ltd., the owner of the asset, from Nylect Holdings Pte. Ltd. and Nylect International Pte. Ltd. The company partially financed the transaction using about S$298.9 million in proceeds from a private placement.

As of June 11, US$1 was equivalent to S$1.33.