Highlights

Singapore Stock Market News

Author: StockFanatic   |   Latest post: Fri, 18 Jan 2019, 6:17 PM

 

Keppel DC REIT - Expanding in Singapore: agreement to acquire Kingsland DC

Author:   |    Publish date:   |  >> Read article in Blog website


Keppel DC REIT announced that it has agreed to acquire the Kingsland Data Centre in Singapore for S$295.1m (S$309.6m including fees & transaction costs). Keppel DC has also secured income support of c.S$6.6m for the 12 months following the acquisition, bringing NPI to c.S$20.3m implying a 6.8% yield on cost. The acquisition represents a 6.8% discount to independent valuations, and is expected to be funded via private placement proceeds of S$303.1m, bringing aggregate leverage down from 37.4% to 32.1%. This represents Keppel DC's second data centre acquisition this year following the acquisition of its Frankfurt DC in April. The acquisition is expected to complete in 2Q this year, with new units expected to be listed on or around 16 May.
Read more ยป
Share this

Related Stocks

Chart Stock Name Last Change Volume 
Keppel DC Reit 1.64 0.00 (0.00%) 1,752 

  Be the first to like this.
 


 

109  171  172  649 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SingTel 3.48+0.03 
 NetLink NBN Tr 0.89+0.015 
 Synagie 0.165+0.001 
 ISR Capital^ 0.0030.00 
 Golden Agri-Res 0.3050.00 
 Rex Intl 0.073-0.001 
 Genting Sing 0.920.00 
 YZJ Shipbldg SGD 1.520.00 
 LionGold 0.0010.00 
 Wilmar Intl 3.59-0.01 

TOP ARTICLES

1. Ascott Residence Trust: A Smaller Margin of Safety SGX Stocks and Warrants
2. Phillip Capital Morning Note - 25 Jun 2019 Trader Hub
3. ATFX Market Update - 2019.06.25 ATFX News Update
4. Are S-REITs Overvalued ? STE's Stocks Investing Journey
5. Phillip Capital Morning Note - 24 Jun 2019 Trader Hub
Partners & Brokers