Keppel T&T plans listing of data centre REIT
SINGAPORE - Keppel Telecommunications & Transportation (Keppel T&T) is planning to list a real estate investment trust with a portfolio of data centres on the mainboard of the Singapore Exchange.
SINGAPORE - Keppel Telecommunications & Transportation (Keppel T&T) is planning to list a real estate investment trust with a portfolio of data centres on the mainboard of the Singapore Exchange.
Keppel T&T Chief Executive Officer Thomas Pang said today (Nov 10): “There has been a surge in demand for data centres, driven by a growth in e-commerce, cloud computing, and big data.
“Increasingly, these new generation data centres are also required to adhere to high environmental and security standards, areas which require significant knowledge and investment.”
Keppel DC REIT’s initial portfolio is expected to comprise eight data centre properties in the Asia-Pacific and Europe. These include Keppel Digihub and Keppel Datahub 1 in Singapore; Gore Hill Data Centre in Sydney and iseek Data Centre in Brisbane; Basis Bay Data Centre 1 in Selangor; GV7 Data Centre in London; Almere Data Centre in Amsterdam; and Citadel 100 Data Centre in Dublin.
The company will be seeking shareholders’ approval for the listing at an Extraordinary General Meeting on Nov 25. CHANNEL NEWSASIA
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