Singapore's Keppel DC REIT buys Tokyo Data Centre 1 for $145m, entering Japan's growing data centre market.
Singapore's Keppel DC REIT buys first Japanese data centre for $145m, marking its entry into the Asia's second-largest data centre hub. The data centre, Tokyo Data Centre 1, will be purchased for 23.4 billion yen ($145m), a 2.5% discount on its 24 billion yen valuation. Japan's data centre market is projected to grow over 10% annually from 2024 to 2028, driven by the increasing demand for generative AI and limited supply of data centres.
July 11, 2024
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