S-REITs - Week 14 - 2024

( YTD: -4.30% | 5D: +2.30%)

Keppel REIT to acquire 50% interest in Sydney freehold Grade A office building for A$363.8 million

• Accretive acquisition of 255 George Street, an iconic prime building located in Sydney CBD’s highly sought after Core Precinct with high occupancy rate, long weighted average lease expiry (WALE) and excellent ESG credentials
  
  
• The acquisition will improve DPU by 1.4% on a pro forma basis

For further information, please click here

( YTD: -6.20% | 5D: +0.83% )

Acquisition of an additional 10.0% interest in a data centre located in Osaka, Japan

The purchase consideration for the 10.0% interest in the Osaka data centre is JPY 7,725 million (approximately US$51.5 million), based on the agreed value of the Osaka data centre of JPY 77,250 million (at 100% share), and takes into account the estimated net assets and liabilities of Digital Osaka 2 TMK as at the date of closing (subject to closing adjustments), including the onshore JPY bonds issued by Digital Osaka 2 TMK of JPY 18,000 million (at 100% share).

The agreed value of the Osaka data centre was negotiated on a willing-buyer and willing- seller basis and takes into account the historical cashflow, rental rates and underlying customer base of the Osaka data centre and current market conditions.

For further information, please click here

( YTD: -11.11% | 5D: +0.00% )

Receipt Of Statement From Quarz Capital

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