Investors liked the news and sent the trust's units up 4.1 per cent to $2.28, with a hefty 35.6 million units changing hands.
The units are now up around 18 per cent in 2024.
Keppel DC Reit wants to acquire the two fully contracted, artificial intelligence-ready data centres in Genting Lane from a Keppel Corporation joint venture.
It will outlay $1.07 billion under a 151/2-year lease.
An option to extend the lease by 10 years to July 15, 2050, will raise the price to $1.38 billion, subject to regulatory approval.
While Keppel DC Reit will have ownership of the data centres, its sponsor Keppel will continue to manage, operate and maintain the properties.
Esta historia es de la edición November 21, 2024 de The Straits Times.
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Esta historia es de la edición November 21, 2024 de The Straits Times.
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