Keppel DC REIT Management Pte. Ltd., the manager of Keppel DC REIT, announced today that its subsidiary, Basis Bay Capital Management Sdn. Bhd., has entered into a sale and purchase agreement to divest the Basis Bay Data Center in Cyberjaya, Malaysia.
The data center will be sold to Basis Bay Services MSC Sdn. Bhd., the current master lessee and facility manager of the property. The sale, expected to be completed in the third quarter of 2025, is part of Keppel DC REIT’s proactive asset management strategy. By divesting this asset, the REIT aims to optimize its portfolio performance and redeploy capital into more growth-oriented opportunities within the dynamic data center industry.
The sale price is RM55.6 million (approximately S$16.9 million), with Keppel DC REIT’s share amounting to RM55.1 million (approximately S$16.7 million). This will be used to support the REIT’s future growth initiatives, such as acquiring high-quality data center assets in key markets.
The divestment is not expected to have a material impact on Keppel DC REIT’s net asset value or distribution per unit for the current financial year