Keppel DC REIT has bought a data center in the Netherlands.
The Singaporean Real Estate Investment Trust acquired 100 percent of the freehold property with two data center buildings in De Hurk business park in Eindhoven, the Netherlands.
Keppel bought the facilities for €37.2 million ($44.1m) from a fund affiliated with MCAP Global Finance (UK) LLP, the European subsidiary of New York-headquartered Marathon Asset Management LP.
The property, which is located at Dillenburgstraat 25A-25E, 25E1, 25F, 25G and 25J-25M, 5652 AM, will be named Eindhoven Campus. The site has 83,841 sq ft (7790 sqm) of lettable space and is fully leased to a ‘global leading IT services provider.’
"Being one of the top four data center markets in Europe and the eighth largest data center market globally, the Netherlands is a strategic market for Keppel DC REIT,” said Anthea Lee, CEO of Keppel DC REIT Management Pte. Ltd. “We are pleased to be able to add to our portfolio a quality and green data center located in the key technology hub of Eindhoven. With this acquisition, we also diversify our portfolio base with the addition of a well-established data center client and we look forward to establish strong ties with this client.”
Last month Keppel DC REIT announced it was selling an iseek-operated data center in Brisbane, Australia, and in July acquired a data center in Guangdong, China. In Europe, Iron Mountain recently bought a data center in Frankfurt, Germany from two Keppel subsidiaries.
