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KWM advises Keppel on data centre investment

KWM advises Keppel on data centre investment

King & Wood Mallesons has acted on a joint venture investment between Keppel Telecommunications & Transportation and iseek Communications._x000D_

Firm: King & Wood Mallesons (Keppel Telecommunications & Transportation)

Deal: Singapore’s Keppel Telecommunications & Transportation entry into the Australian market through a joint venture investment with the Brisbane-based data communications services provider, iseek Communications. 

Area: Corporate              

Value: Undisclosed

Key players: The KWM team included senior associate, and real estate capital markets specialist, Mark Bayliss (pictured) and solicitor Andrew Cork. Iseek Communications was advised by in-house counsel Mike Madden.

Deal significance: “Keppel’s investment is an example of the emergence of Australian data centre facilities as a specialised class of real estate asset attracting institutional investment, in part driven by the NBN,” said Bayliss. The joint venture will manage the Gore Hill Data Centre Facility in Gore Hill, Sydney.

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