Keppel Secures 10-year Land Lease Extension for Singapore

Keppel has secured a land lease extension for a data center campus in Singapore. The company last year announced that the relevant authorities had granted conditional approval for a 10-year land tenure lease extension for the Keppel Data Centre Campus at Genting Lane in Singapore.

Keppel said the extension is part of a previously announced divestment of two data centers at the campus (KDC SGP 7 and 8) to Keppel DC REIT, providing “further runway and flexibility” for Keppel DC REIT to execute expansion initiatives, including the fit-out of unutilized space into data halls at KDC SGP 8.

Manjot Singh Mann, CEO, Connectivity, Keppel, said: “We are pleased to secure the lease extension for the Keppel Data Centre Campus. The divestment of KDC SGP 7 and KDC SGP 8 reflects how Keppel creates value through our integrated digital infrastructure ecosystem.”

Loh Hwee Long, CEO of the manager of Keppel DC REIT, added: “The additional decade of land tenure for KDC SGP 7 and 8, two AI-ready hyperscale assets, positions Keppel DC REIT to capture the growing demand in Singapore’s highly supply-constrained data center market.”