A low-profile property trust’s data centre gambit
Stoneweg Europe Stapled Trust is using its recently formed business trust to gain early exposure to five data development sites
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
AS THE Singapore market prepares to welcome NTT DC Reit next week, another locally-listed property trust has hatched an intriguing plan to ride the widely expected surge in demand for data centres around the world.
In announcements over the past fortnight, Stoneweg Europe Stapled Trust (Sert) said it has made a 50 million euro (S$75 million) investment in a fund – dubbed AiOnX – that holds a portfolio of five high-specification hyperscale data centre sites, located in Ireland, Denmark, Spain, Italy and the United Kingdom.
These five sites span more than 270 hectares and have secured, reserved or are in the process of applying for more than 2,000 megawatts (MW) of power capacity – which is equivalent to more than 14 per cent of Europe’s current operational data centre capacity.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
New CPF life-cycle investment scheme could channel up to S$9 billion a year into Singapore stocks: Citi
Keppel divests i12 Katong mall for S$372 million
COEs: Mainstream car category tops bidding at S$123,010 as demand ‘just too strong’
