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.
