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Keppel DC REIT acquires remaining lease in Dublin 1 for $48.1 mil

Property

Keppel DC REIT acquires remaining lease in Dublin 1 for $48.1 mil

PC Lee Published on Thu, Mar 15, 2018 / 7:34 AM GMT+8

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SINGAPORE (Mar 15): The manager of Keppel DC REIT has entered into an agreement to acquire the remainder of the 999-year leasehold interest in Keppel DC Dublin 1.

The agreed value for the acquisition is EUR 30 million ($48.1 million).

Prior to the transaction, KDCREIT already held a leasehold interest in Keppel DC Dublin 1 which expires on 11 April 2041.