Keppel DC REIT to Divest German Data Centre for EUR50 Million

MT Newswires

2025/02/17

Keppel DC REIT (SGX:AJBU) entered into a sale and purchase agreement to divest its 100% freehold interest in the Kelsterbach Data Centre in Frankfurt, Germany for 50 million euros, according to a Monday filing with the Singapore Exchange.

The divestment is expected to complete in the first half of the year.

The property comprises a five-story shell and core data centre and six-story office block.

Following the divestment, the REIT's portfolio occupancy will remain at 96.6%.

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