Ascendas REIT has announced its long-awaited data centre transaction. The REIT had already carried out an equity fundraising exercise comprising a placement to raise $800 million and a preferential offering to raise $400 million that was completed on Dec 9, 2020. At the time of the announcement, Ascendas REIT’s manager had stated that $614 million would be earmarked for a data centre portfolio in Europe.

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