To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionAscendas REIT to buy 11 European data centers from Digital Realty for $678m
Ascendas REIT has acquired 11 data centers located across Europe from Digital Realty for S$904.6 million ($678 million).
The deal comprises 11 facilities, four in the United Kingdom, three each in France and the Netherlands, and one in Switzerland.
“This acquisition gives us a unique opportunity to own a portfolio of well-occupied data centers located across key markets in Europe,” said William Tay, executive director and CEO of the fund. “It complements our existing data center portfolio in Singapore and will increase the sector’s contribution to S$1.5 billion [$1.11 billion], or 10 percent of investment properties under management.”
The deal would be the REIT’s first data center investment in Europe and see it take over facilities in London, Manchester, Amsterdam, Geneva
