Jun 18, 2012

Singapore - Securus Fund acquires 80% stake

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SINGAPORE - Securus Data Property Fund has completed the acquisition of an 80-per-cent stake in a data centre located in Selangor.

Securus Fund is jointly managed by Keppel Data Centre Investment Management (Keppel DCIM), a wholly-owned subsidiary of Keppel Telecommunications & Transportation (Keppel T&T) and AEP Investment Management (AEPim).

The data centre is a freehold facility located in Cyberjaya. Mr Bruno Lopez, Executive Director of Keppel DCIM and co-fund Manager of Securus Fund, said: "Malaysia is one of the fastest growing economies in ASEAN. With the data centre industry earmarked as one of the growth drivers for the Malaysian economy in the government's Economic Transformation Programme, we believe that acquiring the data centre at Cyberjaya will position Securus Fund to benefit from this growth."

Earlier this year, Securus Fund acquired the GV7 data centre in London. Last year, the fund also acquired a 70-per-cent stake in Gore Hill Data Centre in Sydney and a 70-per-cent stake in iseek Data Centre in Brisbane.



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