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Publish Date : 08-Dec-2014

Keppel DC REIT Management Pte. Ltd. (as manager of Keppel DC REIT the "Manager"), a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd ("Keppel T&T" or the "Sponsor") has today registered its final prospectus dated 5 December 2014 (the "Prospectus") with the Monetary Authority of Singapore, in connection with the proposed listing of Keppel DC REIT on the Main Board of Singapore Exchange Securities Trading Limited ("SGX-ST"). With a market capitalisation at listing of approximately S$821.1 million, Keppel DC REIT will be the first data centre real estate investment trust ("REIT") to be listed in Asia, making it a milestone listing on the SGX-ST. As a result of the strong indications of interest received from institutional investors during the bookbuilding process, the Units have been priced at the top end of the offering price range at SOffering information.93 per Unit. The Sponsor, together with Keppel Land Limited, will, in aggregate, hold approximately 35.0% in Keppel DC REIT post-listing (assuming the Over-Allotment Option is fully exercised).

Stable, high quality Portfolio located across key data centre hubs
Keppel DC REIT's IPO Portfolio focuses on income-producing data centre properties and will comprise eight high-quality data centres strategically located in seven key data centre hubs across Asia-Pacific and Europe. The IPO Portfolio has an aggregate Lettable Area of approximately 509,913 sq ft and an aggregate Appraised Value of approximately S$1.0 billion.

The properties include:
S25 and T25 in Singapore - Southeast Asia's data centre hub; Gore Hill Data Centre in Sydney, Australia - a main data centre hub in Australia iseek Data Centre in Brisbane, Australia - a key data centre hub in Australia, Basis Bay Data Centre5 in Cyberjaya, Malaysia - multimedia internet super corridor in Malaysia; GV7 Data Centre in London, the United Kingdom - Europe's data centre hub; Almere Data Centre in Amsterdam, the Netherlands, with proximity to major European trading hubs; and Citadel 100 Data Centre in Dublin, Ireland - Europe's cloud computing hufb.

The data centres in Keppel DC REIT's IPO Portfolio have been designed and built to attract well established customers. The IPO Portfolio currently enjoys a high occupancy rate of 93.5% and a high customer retention rate of 97.8%7 from its diverse customer base that includes Fortune 500 and S&P 100 companies, government-related entities, MNCs and financial institutions. Keppel DC REIT benefits from a balanced lease profile comprising co-location arrangements as well as double-net and triple-net leases, providing for both stability and opportunities for rental reversions. In addition, the existing leases and co-location arrangements have built-in rental escalations averaging 2% to 4% per annum.

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