Keppel DC REIT secures 10-year lease extension for $350m
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Keppel DC REIT has secured a 10-year lease extension for $350 million for KDC Singapore 7 and KDC Singapore 8, increasing the weighted average land lease expiry to 25 years. The extension is pending unitholder approval and will take effect from January 1, 2026. Funding will come from internal resources and debt, with no changes to the trust’s distribution policy. The lease extension enhances income visibility and reduces long-term lease expiry risk for the trust's portfolio.
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