Following the sale, Keppel DC REIT's portfolio occupancy will remain high at 96.6%, while the weighted average lease expiry (WALE) by lettable area will improve from 6.3 years to 7.4 years.
Keppel DC REIT plans to divest its Kelsterbach Data Centre in Frankfurt for 50 million euros, or $70.6 million. Part of the proceeds will be used to pare debt. On a pro forma basis, the REIT's aggregate leverage will improve by 0.3 percentage points to 31.2%.
The sale is expected to be completed in 1HFY2025, leaving Keppel DC REIT with one data centre in Germany, also near Frankfurt.
