The purchaser, however, will only pay the REIT $16.7m.
$Keppel DC Reit (AJBU.SG)$ has divested Basis Bay Data Centre in Malaysia for $16.9m to Basis Bay Services MSC.
However, Basis Bay Services MSC will pay only $16.7m to the REIT, as it holds a 99.0% stake in Basis Bay Capital Management, the owner and vendor of the asset.
The remaining 1% stake in Basis Bay Capital Management is held by E-Basis Bay.
The divestment is unlikely to have a significant impact on Keppel DC REIT's net asset value and distribution per unit for FY 2025.
