Keppel DC REIT Management Pte. Ltd., as Manager of Keppel DC REIT, is pleased to announce that Keppel DC REIT will be included in the FTSE EPRA Nareit Global Developed Index with effect from 23 September 2019.
Mr Chua Hsien Yang, CEO of Keppel DC REIT, said, "This is a significant milestone for Keppel DC REIT, and bears testament towards our commitment in growing the REIT to be recognised amongst real estate equities worldwide. This will enhance Keppel DC REIT's visibility to index funds, and supports liquidity and capital raising efforts."
The FTSE EPRA Nareit Global Developed Index is developed by FTSE Russell in collaboration with the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment Trusts (Nareit). The index is designed to track the performance of listed real estate companies and real estate investment trusts worldwide.
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About Keppel DC REIT
Listed on 12 December 2014, Keppel DC REIT is the first pure-play data centre REIT listed in Asia and on the Singapore Exchange (SGX-ST).
Keppel DC REIT's investment strategy is to principally invest, directly or indirectly, in a diversified portfolio of income-producing real estate assets which are used primarily for data centre purposes, as well as real estate related assets, with an initial focus on Asia Pacific and Europe.
Its current existing portfolio comprises 15 high-quality data centres strategically located in key data centre hubs globally. With an aggregate lettable area of approximately 1,112,983 sq ft, the portfolio spans ten cities in eight countries across Asia Pacific and Europe.
Keppel Telecommunications & Transportation Ltd (Keppel T&T), the Sponsor of the REIT, has also granted Rights of First Refusal (ROFR) to the REIT for future acquisition opportunities of its data centre assets.
The REIT is managed by Keppel DC REIT Management Pte. Ltd.. Keppel Capital Holdings Pte. Ltd. (Keppel Capital) has a 50% interest in the Manager, with the remaining interest held by Keppel T&T. Keppel Capital is a premier asset manager in Asia with assets under management comprising real estate, infrastructure and data centre properties in key global markets.
The Manager's key objectives are to provide the REIT's Unitholders with regular and stable distributions, as well as achieve long-term growth while maintaining an optimal capital structure.