FILE PHOTO: A Keppel signage is pictured in their office in Singapore July 6, 2023. REUTERS/Edgar Su/File Photo
(Reuters) -Singapore's Keppel said on Tuesday it had agreed to buy an artificial intelligence-ready data centre facility being developed by Japan's biggest property group Mitsui Fudosan in Tokyo.
The deal comes less than two weeks after the asset manager said it plans to more than double its data centre funds under management from S$9 billion ($6.84 billion) currently to S$19 billion in the near term to tap into the AI frenzy.
