Keppel DC REIT acquires its first data centre in China for $132 mil

/ EdgeProp Singapore
July 29, 2021 12:20 PM SGT
The seven-storey data centre is in Jiangmen in Guangdong province
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Keppel DC REIT has acquired a fully fitted data centre in China for RMB635.9 million ($132 million). This is the first data centre acquisition in China for the REIT. The 221,689 sq ft data centre is in Jiangmen in Guangdong province.
According to Keppel DC Reit, the seven-storey data centre has achieved the highest standard for data centre design in China.
The asset was purchased from Guangdong Bluesea Data Development (Bluesea) and its parent company, Guangdong Bluesea Mobile Development.
This data centre is the first of six data centre buildings that will be built within the Bluesea Intelligence Valley Mega Data Centre Campus. As part of the acquisition agreement, Keppel DC REIT will have the right of first refusal to acquire the remaining five data centres within the campus when they are completed.
“China is the second largest data centre market globally as well as the largest market in the Asia Pacific region ... The strategic addition of Guangdong Data Centre enables us to ride on China’s growing digital economy and underscores our focus on investing in good-quality data centre assets to provide stable and sustainable income,” says Anthea Lee, CEO of Keppel DC REIT Management, the manager of the REIT.

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