Upon completion of the deal, Keppel DC REIT will have a 98.47% effective interest, with Keppel holding the remaining 1.53%.
Keppel DC REIT and sponsor Keppel are buying the Tokyo Data Centre 3 for 82.1 billion yen, or $707 million. This freehold, newly-built hyperscale data centre is located in Inzai City, Greater Tokyo and will be the REIT's second data centre asset in Japan.
The total purchase consideration represents a discount of 1.1% to the asset’s valuation of 83 billion yen, or $714.7 million.
