Keppel acquires majority stake in two Tokyo data centers

Singapore’s Keppel is acquiring a majority stake in two data centers in Tokyo, Japan.

Keppel DC REIT and Keppel Ltd. this week announced that they have indirectly entered into agreements with unrelated third-party sellers to collectively acquire 90 percent effective interests in facilities now known as Tokyo Data Centre 4 and Tokyo Data Centre 5, two freehold, hyperscale fully-fitted (colocation) facilities located in Inzai City.

– Keppel DC REIT

The deal (on a 100 percent basis) is valued at JPY 190 billion ($1.197bn).

Upon completion, Keppel DC REIT will hold an 88.62 percent effective interest in each facility. Keppel Ltd., through its interest in Keppel Japan KK, will hold a 1.38 percent effective interest.