Singapore's Keppel to buy Japanese AI-ready data centre
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Should l Buy ?
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.
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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.
