Investor Presentaiton
Intellicentre 3 East Data Centre
Healthy portfolio occupancy and
long WALE will provide stable income
stream for Keppel DC REIT.
Portfolio Updates
■ Proactive leasing efforts resulted in new, renewal and expansion leases secured with
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clients at the Singapore and Dublin data centres, including some renewals ahead of expiry
Including the latest renewal lease signed in July 2021, only 0.8% of leases³ are
expiring for the remainder of the year.
Completion of Intellicentre 3 East Data Centre (IC3 East DC) in Sydney on 13 Jul 2021
at a total development cost of A$26.0m (approx. S$26.6m4)
Commencement of the 20-year triple net master lease with Macquarie Data Centres
for Intellicentre Campus5
■ Granted iseek the option to purchase Keppel DC REIT's 100% interest in the iseek Data
Centre in Brisbane for A$34.5m (approx. S$35.3m4)
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Key term negotiated together with iseek's long lease renewal, and is in line with
Keppel DC REIT's strategy to continually review and selectively consider divestments
to ensure an optimal portfolio mix
■ Exercised option for the 30-year extension of the leasehold land tenure for Keppel DC
Singapore 2 with effect from 1 Aug 2021
Lease Expiry Profile (as at 30 Jun 2021)
Proactively in discussions with clients
for contracts expiring in 2021 and 2022
Healthy Portfolio
Long
Occupancy
Portfolio WALE
98.0%¹
6.5 years¹
1,2
2021
as at 30 Jun 2021
by leased area
By leased lettable area
By rental income
1.7%
2022
7.2%
7.6%
17.6%
2023
4.2%
8.2%
2024
7.2%
2025
≥2026
33.5%
46.2%
23.7%
9.2%
33.7%
1. Post-acquisition of Guangdong Data Centre and assuming the acquisition was completed on 30 Jun 2021, portfolio occupancy would be 98.2%. WALE would be 7.3 years by leased area and
5.3 years by rental income.
Keppel DC REIT
23456
2. WALE by rental income was 4.9 years as a higher proportion of rental income is from colocation assets, which typically have shorter lease periods.
3.
4.
By leased area, and 1.6% by rental income. As at 30 Jun 2021, leases expiring for the remainder of the year was 1.7% by leased area and 7.6% by rental income.
Based on the exchange rate of A$1:S$1.0231, as at 30 Jun 2021.
15
Located within the same site in Macquarie Park, IC3 East DC and Intellicentre 2 Data Centre will be collectively renamed Intellicentre Campus
6. Through its wholly-owned subsidiary, KDCR 1 Limited. The option to iseek Pty Ltd (iseek) will commence on 1 Aug 2021 and expire on 31 Jul 2026. Keppel DC REIT will make the necessary announcements if
and when the divestment takes place.View entire presentation