Singapore-based Keppel DC REIT has divested a data center in Cyberjaya, Malaysia for MYR 55.1 million ($12.24 million).

In a statement on last Thursday, Keppel DC REIT Management, in its capacity as manager of Keppel DC REIT, announced that Basis Bay Capital Management, a subsidiary of Keppel DC REIT, has entered into a sale and purchase agreement with Basis Bay Services MSC, an unrelated third party which is also the current master lessee and facility manager of the property, for the divestment of the property known as Basis Bay data center.

Perpetual (Asia), in its capacity as trustee of Keppel DC REIT), holds 99 percent of the shares in Basis Bay Capital Management and E-Basis Bay holds the remaining 1 percent.

The divestment is in line with Keppel DC REIT’s proactive asset management strategy to optimize portfolio performance.

The manager continuously assesses Keppel DC REIT’s portfolio and identifies areas to unlock value and to redeploy resources into accretive opportunities.

Going forward, the manager will continue to capitalize on growth opportunities in the data center industry to strengthen Keppel DC REIT’s global presence.

Completion of the divestment is expected to take place around the third quarter of 2025.

In connection with the divestment, it is intended that the existing master lease agreement and facility management agreement in respect of the Property will be terminated on completion.

The Divestment is not expected to have any material impact on Keppel DC REIT’s net asset value and distribution per unit of Keppel DC REIT for the financial year ending 31 December 2025.

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