Keppel Infrastructure : DataCentre One hands over 1-Net North Data Centre

Keppel Infrastructure Trust begins to recognise revenue from the asset.

DataCentre One Pte. Ltd. (DC One), a joint venture company established by City DC Pte. Ltd. (CityDC), a wholly-owned subsidiary of Keppel Infrastructure Trust (KIT), together with WDC Development Pte. Ltd. (WDC), a wholly-owned subsidiary of Shimizu Corporation, has completed construction of the 1-Net North Data Centre (1-Net North) and handed it over to the client on 12 April 2016.

In June 2014, CityDC and WDC had established DC One to develop, build and lease 1-Net North. CityDC holds a 51% share of DC One, with the remaining 49% share held by WDC.

With the handover of 1-Net North, the triple net lease agreement signed on 30 June 2014 between DC One and 1-Net Singapore Pte Ltd (1-Net), a wholly-owned subsidiary of MediaCorp Pte Ltd, is now effective. DC One will lease 1-Net North to 1-Net for a period of 20 years.

Mr Khor Un-Hun, CEO of Keppel Infrastructure Fund Management, the Trustee-Manager of KIT, said, 'We are happy to see 1-Net North turn operational, and begin to generate predictable and sustainable cash flows for the Trust.'

Located at 18 Riverside Road, 1-Net North features over 200,000 sq ft of available area across four floors of data centre halls and one floor of office and ancillary space. Offering stable, secure and high-powered infrastructure for digitised content, the facility has achieved Uptime Institute Tier 3 certification and conforms with the Monetary Authority of Singapore's Threat Vulnerability Risk Assessment (TVRA) specifications.

1-Net North has also attained Green Mark GoldPlus certification under the Green Mark for Data Centres rating system jointly developed by Singapore's Building and Construction Authority and Infocomm Development Authority. The rating system recognises performance efficiencies in areas such as energy, water and environment, with a significantly higher emphasis placed on energy performance.

1-Net North was designed by DSCO Group Pte Ltd according to strict specifications by 1-Net and constructed by Shimizu Corporation (Singapore branch).

The abovementioned handover is not expected to have a material impact on the net tangible assets and distribution per unit of KIT for the current financial year.

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About Keppel Infrastructure Trust
Keppel Infrastructure Trust is a listed business trust that provides investors with the opportunity to invest in a large and well-diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment. The Trust aims to provide long-term, regular and sustainable distributions to its Unitholders.

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KIT - Keppel Infrastructure Trust issued this content on 13 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 April 2016 10:29:17 UTC

Original Document: http://www.kepinfratrust.com/news_item.aspx?sid=6363