Dec 20, 2025 | Posted by Abdul-Rahman Oladimeji
Singaporean asset manager Keppel has sold stakes in two data centers in Singapore to its data center real estate investment trust. Keppel Ltd.’s Connectivity Division has agreed to sell the remaining ten percent interest in Keppel DC Singapore 3 (KDC SGP 3) and one percent interest in Keppel DC Singapore 4 (KDC SGP 4) to Keppel DC REIT for a total cash consideration of $50.5 million.
Lee Kok Chew, Keppel’s head of the accelerating monetisation task force, said: “Monetizing our remaining interests in KDC SGP 3 and 4 reflects Keppel’s disciplined approach to capital recycling. This allows us to unlock value and redeploy capital to other opportunities across our integrated ecosystem, while enabling Keppel DC REIT to strengthen its long-term position in these quality data center assets.”
Loh Hwee Long, CEO of the manager of Keppel DC REIT, added: “Acquiring full ownership of KDC SGP 3 and 4 strengthens Keppel DC REIT’s position in Singapore’s data center market. Not only is this transaction in line with our value creation strategy, but it also reflects our commitment to deliver long-term value for unitholders as data center demand continues to grow.”
