Singaporean firm buys Berks DC for £57m

20 January 2022

Thames Valley, Berkshire

Thames Valley, Berkshire

Singapore's KEPPEL DC Reit is acquiring a data centre in Berkshire for £57m. 

The property, located in Bracknell, will be named "London Data Centre"  - owing to its proximity to the capital - and is the real estate investment trust's (Reit) second acquisition of a data centre in Greater London and its third in the UK.

Bracknell is a commercial centre in the Thames Valley, which is a region known as the Silicon Valley of the UK due to its large concentration of multinational technology companies and conglomerates.

The acquisition will be funded by proceeds from the Reit's recent placement and external financing.

London Data Centre is currently fully leased to a telco company until 2039. It sits on a 4.7 acre (1.9 hectare) plot of freehold land and has a gross floor space of 94,867 square feet, and consists of 3 interlinked 2-storey buildings that house data centre space along with ancillary office space.

The acquisition is expected to be completed which is expected to be completed in the first quarter of 2022.