Keppel DC REIT has agreed to acquire its first data centre in China, a fully-fitted facility in Guangdong province, for 98 million dollars, as mainland assets continue to attract investors assembling regionwide server-hosting portfolios. The seven-storey Guangdong Data Centre has a gross floor area of 221,689 square feet.
“China is the second-largest data centre market globally as well as the largest market in the Asia Pacific region, it is expected to continue its strong growth momentum,” said Anthea Lee, chief executive officer at Keppel DC Reit. “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.”
The transaction comes as Keppel pursues its sustainability-driven Vision 2030 plan, which provides a blueprint for the group with a new focus on key sectors like energy, urban development, connectivity and asset management.