Keppel Data Center Holdings (KDCH) has partnered with Alpha Data Center Fund (Alpha DC Fund) to purchase a data center in Europe’s key Internet exchanges.
The data center is located in Frankfurt, Germany, with a purchase price of $116.8 million.
Christina Tan, CEO, Keppel Capital said :
Alpha DC Fund’s maiden acquisition of a quality data center facility, less than four months from the fund’s inception, is testament to Keppel Capital’s commitment to create value for investors by drawing on the synergies of the Keppel Group.
Through the Alpha DC Fund, investors are able to participate in a fast-expanding sector that is underpinned by strong growth trends.
It has been disclosed that the Alpha Data Center Fund will own a 60% share of the new data center, while KDCH will own 40%. The acquisition will be made with a combination of borrowings and internal resources. Keppel will use the new data center to provide services in Europe with a possibility for further expansion into the region.
Thomas Pang, CEO, Keppel T&T said :
Keppel T&T is well placed to meet these demands as a trusted data center services provider.
Our collaboration with the Alpha DC Fund allows Keppel T&T to build on our established data center track record to rapidly deploy capital, scale up and leverage the fast-paced demands of the industry.