Keppel DC REIT manager launches $985m equity fundraising for acquisitions

It acquired two data centres at 82 Genting Lane.

The manager of Keppel DC REIT has launched an equity fundraising to raise $985m to fund the acquisition of two data centres at 82 Genting Lane.

The manager will raise the $600m through a private placement and $300m through a preferential offering of new units.

The remaining $85m will be raised from new unit issuance under the Unit Subscription Agreement between the manager and Keppel DC Investment Holdings.

The manager said private placement units will range from $2.074 to $2.128, whilst the preferential offering units will be priced between $2.03 and $2.08.

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