Home News Deals, joint ventures & alliances

Keppel Data Centres and Alpha DC Fund to sell data centre in Frankfurt for EUR76 mil

Atiqah Mokhtar
Atiqah Mokhtar7/8/2021 07:42 AM GMT+08  • 1 min read
Keppel Data Centres and Alpha DC Fund to sell data centre in Frankfurt for EUR76 mil
The facility is being sold to NYSE-listed Iron Mountain.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Keppel Corporation has on July 8 announced that Calcium DC, a 60:40 joint venture between Alpha DC Fund and Keppel Data Centres Holding (KDCH), is divesting a data centre facility in Frankfurt for EUR76 million ($121.6 million).

Alpha DC Fund is managed by Alpha Investment Partners, the private fund management arm of Keppel Capital.

The facility, known as Keppel DC Frankfurt 1, is being sold to a subsidiary of information management services company Iron Mountain. The consideration will be paid in cash and was arrived at a willing-buyer, willing-seller basis, taking into account the book value of the property of EUR63 million as of Dec 31, 2020.

See also: Keppel expands data centre footprint in Sydney

The consideration was also adjusted for advance receipts received and advance payments paid by Alpha DC Fund and KDCH.

Completion of the divestment is expected to take place in 3Q2021.

See also: YKGI enters into non-binding MOU with Pin Si Kitchen

The divestment is not expected to have any material impact on the net tangible assets per share or earnings per share of Keppel Corporation for the current financial year.

Photo: Keppel Corporation

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.