Singapore’s Ascendas REIT to acquire 11 European data centres for $672m

Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. Photo: Ascendas Reit

Ascendas Reit, Singapore’s largest listed business space and industrial real estate investment trust, has proposed to acquire a portfolio of data centres in Europe for S$904.6 million ($672 million), marking its debut investment in the European data centre space.

In a statement, Ascendas Reit said it will acquire the portfolio of 11 data centres from subsidiaries of Digital Realty Trust Inc, a New York-listed REIT that invests in carrier-neutral data centres.

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