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.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply