According to KDC REIT, the acquisition has been completed and it now holds 100% interest in Memphis 1 and in turn, the data centres.
Keppel DC REIT (KDC REIT), on Sept 3, announced that it has acquired the remaining stakes in Keppel DC Singapore 7 and Keppel DC Singapore 8 (KDC Singapore 7 and 8) from Keppel.
The REIT’s trustee, Perpetual (Asia) Limited, exercised the call option and entered into a sale and purchase agreement (SPA) with Keppel Griffin to acquire the remaining 51.0% of the shares in Memphis 1. Memphis 1 holds KDC Singapore 7 and 8. Keppel Griffin is an indirect wholly-owned subsidiary of Keppel.
