Ascendas Reit acquires 11 data centres in Europe for S$904.6m

Singapore

ASCENDAS Real Estate Investment Trust (Ascendas Reit) has acquired 11 data centres in Europe for S$904.6 million. The purchase will boost the Reit's exposure to data centres to 10 per cent of its total investment properties, from 4 per cent as at Dec 31, 2020.

The purchase consideration comprises £250.3 million (S$460.4 million) for four data centres in the United Kingdom and 276.9 million euros (S$444.3 million) for the remaining data centres: three in the Netherlands, three in France and one in Switzerland.