Under terms of the proposed acquisition, Keppel DC REIT is taking an initial 99.49% effective interest in the data centres but this is expected to eventually reach 100% in FY2025. The deal was completed on Dec 27.
OCBC Investment Research, citing an improved portfolio quality mix, has kept its buy call on Keppel DC REIT while raising its fair value from $2.15 to $2.44.
In its Dec 27 note, OIR says it is positive on the REIT's recently announced acquisition of two new-generation AI-ready hyperscale data centres here in Singapore, namely KDC SGP7 and KDC SGP 8.
