SINGAPORE (May 7): The manager of Keppel DC REIT is acquiring a 99% interest in Kingsland Data Centre for a cash consideration of $141.2 million from seller Kingsland Development and Nylect Holdings.

The consideration is derived from $295.1 million, being 99% of the value of the property, less $153.9 million, being the adjustments for the 99% of the target’s net liabilities.

Kingsland will retain the remaining 1% of the data centre.

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