Keppel DC REIT (SGX:AJBU) has closed its acquisition of interests in Keppel DC Singapore 7 and Keppel DC Singapore 8, gaining 99.49% economic ownership in the data center buildings through Memphis 1, according to a Friday filing on the Singapore Exchange.
Proceeds from the private placement and preferential offering, totaling SG$1.001 billion, were utilized to finance the acquisition, repay debt partially, and cover associated expenses. Nearly SG$2.8 million remains unutilized.
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