GIC and Equinix JV agrees to sell Greater Tokyo data centres for $1.2B
Keppel DC REIT and Keppel Ltd agreed to acquire a 90% interest in two hyperscale data centres in Greater Tokyo from a GIC–Equinix joint venture, valuing the properties at JPY 190 billion ($1.2 billion). The trust will hold an 88.62% effective stake. The deal nearly triples Keppel DC REIT’s Japan rental income contribution and lifts AUM to S$7.6 billion, with both centres 100% occupied.