SINGAPORE - Keppel DC Reit said on Thursday it will be acquiring its second data centre in Germany for 81.8 million euros . This will be its eighth data centre in Europe.
The property has a total lettable area of about 540,869 square feet and is fully leased on a triple-net basis until end-2025. It is located near Frankfurt Airport and about 18 kilometres from Frankfurt's city centre. Keppel DC Reit added that the proposed acquisition is expected to be accretive to its distribution per unit.
The Reit's aggregate leverage is expected to increase from 30.3 per cent to 33.6 per cent after the acquisition is completed.
Source: News Formal (newsformal.com)
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