Keppel Strengthens Portfolio With Second Data Center Acquisition in London
The new facility is the company's third in the UK
SINGAPORE — Keppel DC REIT entered into an agreement to acquire a data center located in Bracknell, United Kingdom, which is part of the Greater London urban area. The property has been acquired from a Fiera Real Estate/SEDCO Capital joint venture and marks Keppel’s second acquisition in the fast-growing, Great London data center hub and its third in the U.K.
Situated on a 4.7-acre plot of freehold land with a gross floor space of 94,867 square feet, the property, which will be named London Data Centre, consists of three interlinked two-story buildings that house data center space along with ancillary office space. The property has been independently valued by Newmark Valuation & Advisory LLC. The property is fully leased on an existing triple-net lease on a shell and core basis to a leading telecommunications company until 2039.