Keppel DC Reit acquires Dublin data centre for $101.3m

It's the second data centre in Dublin, Ireland.

Keppel DC REIT acquired B10 Data Centre, its second colocation data centre in Dublin, Ireland, for $101.3m.

According to a press release, B10 Data Centre is an energy-efficient carrier-neutral colocation data centre. It has a long weighted average lease expiry (WALE) of around 11.0 years. It also has 87.3% leased to global internet enterprise, IT services, and telecommunications clients.

The facility is around 12 km from the Dublin city centre and is connected via major transportation modes.

The data centre started operations in 2013 and offers approximately 25,200 sqft. of lettable area.

Keppel DC REIT Management chief executive officer Chua Hsien Yang said, "Apart from enhancing its offering in a key data centre hub, the REIT will be able to reap operational synergies from its existing data centre, Keppel DC Dublin 1."

Keppel DC REIT expects the acquisition to boost its distribution per unit (DPU) and its income stream.

The company's assets has increased to $1.5b with total lettable area of 917,240 sqft. across 13 data centres.