Keppel Data Center REIT: Keppel plans expansion into Japan

Mar 14, 2024 | Posted by Abdul-Rahman Oladimeji

Keppel is expanding into Japan with plans to build and buy facilities in the country. In this regard, the company has siged a Memorandum of Understanding (MoU) with Mitsui Fudosan Co. Ltd. (Mitsui Fudosan) to ‘jointly explore data center development and investment opportunities’ in Japan and Southeast Asia.

Christina Tan, CEO, fund management and chief investment officer of Keppel said: “The Western Tokyo data center presents a rare opportunity for Keppel to enter the Japan data center market. Under the MoU, Keppel expects to work even more closely with Mitsui Fudosan, an established property developer in Japan, to further penetrate the Japan market, in order to deliver attractive risk adjusted returns to our investors.”

Takayuki Miki, managing director, senior executive managing officer, chief operating officer, logistics properties business division at Mitsui Fudosan, said, “We are pleased to sign the MoU with Keppel and we look forward to further deepening our relationship with Keppel and leveraging each other’s expertise to create value together.”