Keppel DC REIT expands footprint in Germany with EUR81 million acquisition
.jpg)
Keppel DC REIT is acquiring a purpose-built data centre in Kelsterbach, Germany from Maena KG for EUR81.8 million (SGD125.3 million).
The property will be the REIT’s second data centre in Germany, and it's eighth in Europe.
The data centre is located near Frankfurt Airport and approximately 18 km from Frankfurt’s city centre.
It features a total lettable area of approximately 540,869 square feet and is fully leased on a triple net lease basis until end-2025.
“The addition of this data centre will strengthen Keppel DC REIT’s foothold in Germany, which is one of the most established data centre markets in Europe”, said Chua Hsien Yang, CEO of the REIT’s manager.
“This acquisition underscores our focus on executing and delivering on our growth initiatives to capture value from the fast-growing digital economy and capitalise on rising demand for data centre facilities”, he added.
Based on the valuation by Jones Lang Lasalle SE, the market value of the property was EUR86.0 million, using both the income capitalisation and discounted cash flow methods.
The acquisition is expected to be accretive to Keppel DC REIT’s distribution per unit (DPU).
Post-acquisition, the REIT’s portfolio occupancy rate will increase from 94.5% to 96.0%.
Expected to be completed in 2020, the acquisition is likely to be fully funded by debt.
Post completion, Keppel DC REIT’s aggregate leverage is expected to increase from 30.3% to 33.6%.
Once completed, Keppel Keppel DC REIT’s portfolio will comprise 18 data centres valued at SGD2.7 billion, with an aggregate lettable area of approximately 1,952,281 square feet.
source reitsweek
Industry: Data Centre
Latest Jobs
-
- Architect | Cyber Security | Public sector Permanent
- Cheltenham
- N/A
-
Architect | Cyber Security | Public sector Permanent Seeking a Security Architect with Public Sector / Cloud Security experience for a lead technical role. Public sector security architecture design experience essential. (MoD) Current project experience delivering HLD / assurance of computer networks / build evaluations. Active Security clearance required. If you are open to hear about a new / exclusive opportunity where you are interested to be more than a number in a company reach out to team today. Chris.holt@dclsearch.com 07884666351
-
- CIAM Architect Azure B2C
- N/A
- N/A
-
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
-
- Senior IAM Consultant
- Germany
- Upto €110,000 depending on level of position
-
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.
-
- Security Architect - SOC Design - Outside IR35 London. SC / DV cleared
- London
- Outside IR35
-
Security Architect - With in-depth SOC Design experience needed for Outside IR35 London. SC / DV cleared. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design with mobile network experience. HLD / LLD Current SC Clearance a must. Willingness to undertake DV. London 3 days a week Immediately interviewing.