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