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Keppel DC REIT to buy out long leasehold interest in Dublin data center

Keppel DC REIT is acquiring the remainder of the 999-year leasehold interests in the data center at Site 4033-4035 Citywest Business Campus in Dublin for €30.0 million.

The data center real estate investment trust, through its KDCR (Ireland) Ltd. unit, already owns a leasehold interest in the Keppel DC Dublin 1 property, which ends April 11, 2041. It will own the asset's leasehold interest through 2998 after the acquisition. The company signed the deal through its trustee Perpetual (Asia) Ltd.

The seller is Dali Properties Ltd., and the transaction is expected to close during the first half of 2020.