Keppel Data Centre REIT is a Real Estate Investment Trust sponsored by Keppel T&T. It purchases and operates high quality data centre real estate in prime locations, with the aim of providing income and growth to shareholders. In order to provide those returns, Keppel DC REIT invests heavily in fitting out or refurbishing data centres to high standards and offering mission-critical levels of security, technology and connectivity.
Keppel DC REIT is headquartered in Singapore and owns nine data centres across Asia and Europe. There are two data centres in Singapore, one in Malaysia and three in Australia (two in Sydney and one in Brisbane). Sydney’s Intellicentre is the latest addition to the group and was acquired in August 2015 as a shell and core.
In Europe, Keppel DC REIT owns the GV7 data centre in London, the Almere in Amsterdam, Netherlands and Citadel100 in Dublin, Ireland. The latter two centres were purchased in 2013 and the London data centre was acquired in 2012.
The Citadel100 carrier-neutral data centre is based in Ireland on the Citywest Business Campus in Dublin. It sits alongside offices of some of the world’s biggest businesses, including Pfizer, Fidelity and Sony and is operated through an Irish limited company. Citadel100 has recently been upgraded and now offers a large range of connectivity options, including dark fibre and Dublin’s T50 major metropolitan fibre network. The data centre benefits from strong security measures including military trained security guards and 24/7 CCTV monitoring. Citadel100 offers 100% SLAs on power and space, with 99.99% over cooling and security.
GV7 in London Docklands is a mid- to high density, 29,000 sq ft tier-III data centre which offers 1500mw of power per m˛. Its central location means it benefits from fast access to the major network providers and as well as white space offers office space and customer testing areas. Power benefits include dual feeds, minimum N+1 redundancy, hot/cold aisle containment and between 3kw and 8kw power per rack.
Keppel DC REIT is constantly pursuing new ways to lower its carbon footprint and energy costs. It has won an array of Green awards over recent years to reflect that commitment. Keppel Digihub (Singapore) was recently awarded the Singapore Standard 564 for Green Data Centres (SS564) and the Green Mark GoldPLUS for data centres. Datahub 2 (also Singapore) received the Telecommunications Industry Association TIA-942 Tier3 certification.
Keppel DC REIT operates a policy of upgrading older data centres to improve their Power Usage Effectiveness and reduce their carbon footprint. It also ensures that new data centres are built with sustainability as major consideration, acknowledging both the attractiveness to high profile customers of greener data centres and the obvious cost-savings to both client and operator.
Keppel DC REIT is managed by a wholly owned subsidiary of Keppel Telecommunications & Transportation, Keppel DC REIT Management Pte Ltd (KDCRM). Keppel T&T in turn is a subsidiary of Keppel Corporation Ltd, an offshore, infrastructure and property company based in Singapore but with presence in over 30 countries worldwide.
Keppel DC Reit’s debt currently stands at approximately $286 million USD, of which 55% comes due for repayment in 2018. In December 2014, the company was floated on the main board of the Singapore Stock Exchange. The IPO raised S$512.9 – much more than expected when the decision to list was taken. Keppel continues to perform well financially and has consistently exceeded expectations on turnover since the listing.
Customers and partners
Keppel DC REIT enjoys a diverse customer base, although 83% of its client base is in the IT services, internet enterprise or telecommunications sectors. Clients also come from the financial services industry, corporations and governmental organisations.
An infant data centre operator with a strong appetite for acquisition and growth
Keppel DC REIT is at the start of its mission to acquire a substantial global data centre portfolio and is keen to capitalise on the overwhelming demand for cloud and ecommerce services. With an offer of first refusal on data centre assets from parent sponsor Keppel T&T, Keppel DC REIT is in a good position to develop to a major global data centre network.
Keppel plays host to some major international brands and government organisations as a mission-critical data centre provider. This makes its data centres an appealing choice for larger companies that wish to be part of a growing player with a strong dedication to providing the best in technology and security that a provider can offer.