On 22 September 2025, Keppel DC REIT, in a joint announcement with its sponsor Keppel Ltd, announced the acquisition of Tokyo Data Centre 3, a newly constructed, freehold hyperscale data centre in Inzai City, Greater Tokyo, Japan.
The total purchase consideration for the facility is JPY 82.1 billion (approximately S$707.0 million), with Keppel DC REIT securing a dominant 98.47% effective interest. This transaction, which is expected to be completed by the end of 2025, represents a strategic move to deepen the REIT’s presence in Japan, the largest data centre hub in the Asia Pacific (excluding China).
The asset is highly desirable as it is fully contracted to a Fortune Global 500 hyperscaler client under a 15-year lease with built-in annual rent escalations, which significantly strengthens the portfolio’s income stability and resilience. The acquisition is projected to be immediately Distribution Per Unit (DPU) accretive, with a pro forma DPU uplift of 2.8% for FY2024.
To partially fund the deal,…
