Core Viewpoint - The acquisition of the Tokyo Third Data Center enhances the portfolio of Keppel Data Centre REIT, increasing its resilience and diversification while expanding its presence in Japan, a key data center hub in the Asia-Pacific region excluding China [1][2]. Group 1: Acquisition Details - Keppel Data Centre REIT has entered into an agreement to acquire 100% of the Tokyo Third Data Center for 81.2 billion yen, which is approximately 1.1% lower than the asset valuation of 83 billion yen [1]. - The Tokyo Third Data Center is located in Inzai City, part of the Greater Tokyo Area, and is a newly built facility on freehold land [1]. - The data center has signed a comprehensive 15-year lease agreement with a leading global hyperscale cloud service provider, which includes annual rent escalation clauses [1][2]. Group 2: Strategic Importance - The acquisition adds a second data center asset in Japan to Keppel Data Centre REIT's portfolio, strengthening its position in the largest data center hub in the Asia-Pacific region [1][2]. - Japan's data center market is characterized by strong demand, although new supply is limited due to power and construction constraints [1][2]. Group 3: Financial Impact - Post-acquisition, the portfolio's distribution per unit (DPU) is expected to increase, and the asset management scale will rise to 5.7 billion SGD, encompassing 25 data centers across 10 countries in Asia-Pacific and Europe [1][2]. - The acquisition is projected to enhance the portfolio's occupancy rate from 95.8% to 95.9% and extend the weighted average lease term from 6.9 years to 7.2 years [2][4].