---
title: "Keppel Secures 10-year Lease Extension; Unlocks S$350 Mln Payment From Keppel DC REIT"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270825274.md"
description: "Keppel Ltd. has received conditional approval for a 10-year lease extension for its Data Centre Campus in Singapore, allowing a final S$350 million payment from Keppel DC REIT. Keppel's share is approximately S$70.9 million. This extension and recent acquisitions will increase Keppel DC REIT's assets under management by 8.5% to S$6.2 billion. Keppel's stock is currently trading at S$10.29, down 0.58%."
datetime: "2025-12-26T06:35:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270825274.md)
  - [en](https://longbridge.com/en/news/270825274.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270825274.md)
---

# Keppel Secures 10-year Lease Extension; Unlocks S$350 Mln Payment From Keppel DC REIT

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Keppel Ltd. (KPELF,BN4.SI, KPELY) on Friday said relevant authorities have granted conditional approval for a 10-year land tenure lease extension until July 15, 2050 for the Keppel Data Centre Campus at Genting Lane in Singapore.

The approval enables its joint venture to receive a final S$350 million payment as part of the divestment of two data centres to Keppel DC REIT.

The company's share of the S$350 million final payment is expected to be about S$70.9 million, based on its effective stake in the joint venture, including indirect interests through Alpha Data Centre Fund.

Following the lease extension for KDC SGP 7 and 8 and the acquisition of remaining interests in Keppel DC Singapore 3 and 4 announced earlier this month, Keppel DC REIT's assets under management are expected to rise about 8.5% to S$6.2 billion from S$5.7 billion.

Keppel is currently trading is 0.58% lesser at S$ 10.29 Stock Exchange of Singapore.

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