On Dec 15, 2023, KDC REIT announced that Bluesea hadn’t paid rent for 4 months, and KDC REIT had issued a letter of demand to recover RMB48.3 million (equivalent to around $9.1 million) in arrears.
In Keppel DC REIT’s hour-long results briefing, the focus of analysts and media with Loh Hwee Long, CEO of KDC REIT’s manager, and Adam Lee, CFO of the manager, was the REIT’s Guangdong data centres, Guangdong Data Centre (GDC) 1 and 2.
The two data centres were acquired from Guangdong Bluesea Data Development Co (Bluesea), which was the developer and the master lessee of the data centres.
