pstrongThe agreed value is 148.6% higher than the original investment./strong/p pKeppel DC REIT Management Pte. Ltd. said it has entered into a sale and purchase agreement to divest 100% of its interest in Intellicentre Campus in Sydney, Australia to Macquarie Data Centres for $152.1m.
Keppel DC REIT Management Pte. Ltd. said it has entered into a sale and purchase agreement to divest 100% of its interest in Intellicentre Campus in Sydney, Australia to Macquarie Data Centres for $152.1m.
The buyer is the indirect wholly-owned subsidiaries of Macquarie Technology Group , which is also the ultimate parent company of Macquarie Data Centres, the existing tenant of the property.Following this move, Keppel DC REIT said it will re-invest around $78.7m of the proceeds into an Australia Data Centre note issued by Macquarie Data Centres Group.
The AU DC Note will give Keppel DC REIT a regular income stream starting from approximately $5.5m annually for 8.5 years. Meanwhile, Keppel DC REIT said it will repay existing loans of around $37.7m relating to the original investment of Intellicentre Campus.
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