Keppel DC REIT secures 10-year lease extension for $350m

The weighted average land lease expiry extends to 25 years.

Keppel DC REIT has agreed to pay $350.0m to extend the land leases for KDC Singapore 7 and KDC Singapore 8 by 10 years, lifting the weighted average land lease expiry of its portfolio to about 25 years, according to a press release.

The extension follows in-principle approvals from the Singapore Land Authority and Jurong Town Corporation and is expected to be completed after unitholder approval, with the new lease terms taking effect from 1 January 2026, the manager said.

The lease extension will be funded through a combination of internal resources and debt, with no change expected to the trust’s distribution policy. Aggregate leverage is expected to remain within the manager’s stated medium-term range following completion.

Post-extension, Singapore assets will account for a higher proportion of the trust’s weighted average land lease profile, improving income visibility and reducing long-term lease expiry risk based on portfolio figures as at 30 September 2025.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia