On July 26, Keppel DC REIT announced its manager has entered into agreements with Guangdong Bluesea Data Development Co (Bluesea) and its parent company, Guangdong Bluesea Mobile Development Co, to acquire Guangdong Data Centre, a fully-fitted data centre facility in Jiangmen, Guangdong Province, for RMB635.9 million (approximately $132 million). This marks Keppel DC REIT’s first data centre acquisition in China.

The property will be fully leased back to Bluesea on a triple net basis for 15 years. Situated within the Bluesea Intelligence Valley Mega Data Centre Campus, and within the Greater Bay Area, the facility is the first of six data centre buildings to be completed. As part of this agreement, Keppel DC REIT will have the right of first refusal to acquire the remaining five data centres within the campus.

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