Keppel DC REIT divests Basis Bay Data Centre in Cyberjaya at 2.6% above valuation

• Keppel DC REIT’s subsidiary Basis Bay Capital Management entered into a sale and purchase agreement on Dec 31, 2024 with Basis Bay Services MSC, an unrelated third party that is also the current master lessee and facility manager of the property.

SINGAPORE (Jan 3): The manager of Keppel DC REIT has announced it is divesting the Basis Bay Data Centre in Cyberjaya, Selangor Darul Ehsan, Malaysia for RM55.6 million (S$16.9 million).

According to a Jan 2 bourse filing, Keppel DC REIT’s subsidiary Basis Bay Capital Management entered into a sale and purchase agreement on Dec 31, 2024 with Basis Bay Services MSC, an unrelated third party that is also the current master lessee and facility manager of the property.  

The divestment is expected to be completed around 3Q2025, says the REIT manager. 

Basis Bay Data Centre, through Basis Bay Capital Management, was already part of Keppel DC REIT’s portfolio when it listed in 2014. (click on link for full story on theedgesingapore.com)

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