Home News REITs

Ascendas REIT to acquire 11 data centres in Europe for $904.6 mil

Atiqah Mokhtar
Atiqah Mokhtar3/17/2021 08:56 AM GMT+08  • 3 min read
Ascendas REIT to acquire 11 data centres in Europe for $904.6 mil
Post-transaction, A-REIT's investments in data centres will increase to $1.5 bil or 10% of its total portfolio.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The manager of Ascendas Real Estate Investment Trust (A-REIT) has announced a proposed acquisition of a portfolio of 11 data centres located across Europe from subsidiaries of Digital Realty Trust, Inc. for a total consideration of $904.6 million.

Four of the data centres are located in the UK, three are located in the Netherlands and France respectively, while the remaining centre is located in Switzerland. Net lettable area for the entire portfolio totals 61,637 square meters.

The total acquisition cost of S$960.0 million (inclusive of transaction costs of $55.4 million and fees payable to the manager of $9 million), will be financed with proceeds from the REIT’s $1.2 billion equity fund raising in November 2020, debt financing and/or internal cash resources.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now