• Public Offer of 53,763,000 Units approximately 9.6 times subscribed, valid applications amount to approximately S$478.7 million

• Largest REIT IPO in Singapore year-to-date with S$512.9 million raised

• Commencement of trading of Keppel DC REIT on the Main Board of the SGX-ST at 2.00 pm today, 12 December 2014

Unless otherwise defined, all capitalised terms in this press release shall have the meanings ascribed to them in the prospectus dated 5 December 2014 (the “Prospectus”) registered by the Monetary Authority of Singapore.

Keppel DC REIT Management Pte. Ltd. [吉宝数据中心房地产信托管理有限公司] (as manager of Keppel DC REIT [吉宝数据中心房地产信托], the “Manager”), a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd [吉宝电讯与通运有限公司] (“Keppel T&T” or the “Sponsor”) has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units (the “Offering”).

The Offering comprised an international placement of 207,375,000 Units¹ to investors, including institutional and other investors in Singapore (the “Placement Tranche”), and an offering of 53,763,000 Units to the public in Singapore (the “Public Offer”).

Due to strong demand from institutional investors during the book-building process, the Units were priced at the top end of the offering price range at S$0.93 per Unit. Indications of interest received from institutional investors for the Placement Tranche amounted to S$4.7 billion, representing approximately 24.4 times of the Units available¹ under the Placement Tranche.

At the close of the Public Offer at 12.00 pm on 10 December 2014, 15,627 valid applications for an aggregate of 514,724,000 Units amounting to approximately S$478.7 million were received, resulting in the Public Offer being 9.6 times subscribed.

Concurrently but separate from the Offering, Keppel DC REIT secured S$270.0 million from nine cornerstone investors comprising AEW Asia Pte Ltd, DBS Bank Ltd., DBS Bank Ltd. (on behalf of certain private banking clients), Eastspring Investments (Singapore) Limited, Fortress Capital Asset Management (M) Sdn. Bhd., Mr Gordon Tang, Mr Lim Chap Huat, Myriad Asset Management Limited (on behalf of Myriad Opportunities Master Fund Limited), and Wellington Management Company, LLP (on behalf of various investment advisory clients). Collectively, these cornerstone investors have subscribed for an aggregate of 290,316,000 Units at the Offering Price (the “Cornerstone Units”), representing 53% of the total gross IPO proceeds.

In total, Keppel DC REIT has raised S$512.9 million from the Offering and the Cornerstone Units, making it the largest REIT IPO on the SGX-ST for the year-to-date.

Commenting on the robust demand, Mr Chua Hsien Yang [蔡显扬], Chief Executive Officer of the Manager said, “The overwhelming demand from both institutional and retail investors for the Offering is a strong testament to Keppel DC REIT’s high quality portfolio and strong management team”.

“We are very encouraged that investors have signalled their confidence in this truly unique opportunity to invest in the first data centre REIT listed in Asia and in Singapore. Backed by a sound growth strategy, active portfolio management, a visible acquisition pipeline provided by its committed Sponsor and asset enhancement initiatives, Keppel DC REIT will strive to provide regular and stable distributions to all its investors,” he added.

Based on the Offering Price of S$0.93 per Unit, Keppel DC REIT investors can expect a distribution yield of 6.8%²  in Forecast Year 2015 and 7.1%² in Projection Year 2016 with a distribution growth of 4.5%², driven by built-in rental escalations as well as the renewal or commencement of leases and co-location arrangements.

Trading of Keppel DC REIT Units on the Main Board of Singapore Exchange Securities Trading Limited (the “SGX-ST”) is expected to commence at 2.00pm today, 12 December 2014. Details on allotments and/or allocations will be published in The Business Times and SGXNET prior to the listing of the Units on the Main Board of the SGX-ST. The announcement will also be posted on the website of the SGX-ST at http://www.sgx.com.

The Joint Financial Advisers and Issue Managers for the Offering are DBS Bank Ltd. and Standard Chartered Securities (Singapore) Pte. Limited while the Joint Global Coordinators for the Offering are DBS Bank Ltd., Standard Chartered Securities (Singapore) Pte. Limited and Credit Suisse (Singapore) Limited. The Joint Bookrunners and Underwriters are DBS Bank Ltd., Standard Chartered Securities (Singapore) Pte. Limited, Credit Suisse (Singapore) Limited, Deutsche Bank AG, Singapore Branch and Goldman Sachs (Singapore) Pte

Keppel Data Centres Holding, a joint venture between Keppel T&T and Keppel Land Limited (owners of Citadel100), has announced that its wholly-owned subsidiary has entered into a sale and purchase agreement with the Reggeborgh Group and VolkerWessels Group to acquire the Almere Data Centre 2 located in Almere, the Netherlands.

On the same day, Keppel Data Centre Almere BV, a wholly-owned subsidiary of KDCH, also signed a binding letter of intent with a major tenant, committing to approximately 40% of the space at Almere Data Centre 2.

No financial details around the purchase c have been disclosed.

Almere Data Centre 2 is a purpose-built shell and core data centre facility located on freehold land adjacent to Almere Data Centre 1, a fully fitted and fully occupied datacentre acquired by Securus Fund in 2013.

To meet strong demand for European datacentre space, the new datacentre will be fitted out to Tier III standards featuring a minimum N+1 redundancy for power and cooling, as well as power density of up to 1.5kW per sq m and the opportunity to scale up to 2kW per sq m.

Mr Thomas Pang, CEO of Keppel T&T said, “Amsterdam is a strategic location as a key first tier data centre market in Europe. With excellent digital infrastructure and opportunities to tap on renewable wind and solar energy, the region is shaping up to be a hub for big data.”

“We are pleased that our extensive experience and track record has allowed us to double our data centre footprint here in the Netherlands,” he added.

Earlier this month Keppel T&T has announced the proposed listing of Keppel DC REIT as well as the proposed divestment of Keppel T&T’s interests in Keppel Digihub, Keppel Datahub 1, Gore Hill Data Centre and Citadel100 Data Centre, and their proposed injection into Keppel DC REIT. Approvals will be sought at an extraordinary general meeting (EGM) to be held on 25 November 2014.

CITADEL100 announce their sponsorship of the second Datacentres Ireland Conference 2013 taking place at the RDS in Dublin on November 5th and 6th this year.

DataCentres Ireland combines a dedicated exhibition and adjacent multi-streamed conference giving attendees access to the latest in information, best practice, products, services and solutions. It offers attendees the opportunity to hear the latest in ideas, best practice and case studies presented by leading industry experts, and take part in facilitated discussions. DataCentres Ireland addresses every aspect of planning, designing and operating the datacentre, server room and data storage facility.

Come visit Citadel100 at Stand 414 in the main exhibition hall, directly in front of the Conference room entrance.

For further information please visit the conference website at: http://www.datacentres-ireland.com/

If you would like bespoke tickets to the event please email us at:

The Datacenter Dynamics Awards are the leading awards for the data center industry recognising innovation, leadership and ‘out of the box’ thinking. Last year the award, which was also sponsored by CITADEL100, was given to Cable & Wireless.
With 15 established award categories, the Awards celebrate data center projects of all sizes, across all sectors with many hundreds of worthy entries.
The DatacenterDynamics Awards has been often referred to as the ‘Oscars’ of the data center industry. The ceremony is a highlight of the data center calendar, celebrating the best in our industry.
Behind every cutting edge data center are a number of great ‘blueprint’ design and management ideas, and this Award sponsored by CITADEL100 is about recognising this new thinking that so often paves the way for the next generation of data centers. With the challenges confronting the industry now moving quicker and hitting harder than ever before, so the skills required in design, project management and construction need to raise the bar continually in terms of innovation, efficient resource use, future-proofing and delivery. Conceptual designs often never see the light of day in their entirety; nevertheless they are an important part of our industry’s evolution. Karl Hennessy, CITADEL’s C.E.O, will represent the company on the judging panel.

JUDGING CRITERIA AND WEIGHTINGS:
– The importance of the conceptualisation, design and construction challenges addressed by the blueprint [10%]
– Demonstrates innovative, ‘out of the box’ thinking to solve key challenges [30%]
– Demonstrable and validated success in meeting the challenges [40%]
– Relevance across wider industry builds [20%]