Singapore's Keppel to buy Japanese AI-ready data centre
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Source: Reuters
Keppel's Acquisition: Singapore's Keppel has agreed to purchase an AI-ready data centre being developed by Mitsui Fudosan in Tokyo, aiming to enhance its data centre funds from S$9 billion to S$19 billion amid growing demand for AI infrastructure.
Future Management Plans: Keppel will manage the facility once completed in 2027, with plans to collaborate closely with Mitsui Fudosan to develop additional assets for their upcoming Keppel Data Centre Fund III.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
