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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
CapitaLand investing $564m for first hyperscale data centre in China
Facade of CapitaLand’s first hyperscale data centre campus in China.
April 28, 2021
Singapore-based real estate major CapitaLand Ltd announced that it is expanding into China’s data centre market, the world’s second-largest and the largest in Asia Pacific, by acquiring its first hyperscale data centre in Shanghai for 3.66 billion ($564 million).
CapitaLand said the acquisition of the data centre campus will be made through the purchase of 100% equity interest in two companies registered in China – AVIC Trust, an investment arm of Shanghai-listed AVIC Capital, and from an unrelated third-party vendor.
Singapore’s Ascendas REIT to acquire 11 European data centres for $672m
Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. Photo: Ascendas Reit
March 17, 2021
Ascendas Reit, Singapore’s largest listed business space and industrial real estate investment trust, has proposed to acquire a portfolio of data centres in Europe for S$904.6 million ($672 million), marking its debut investment in the European data centre space.
In a statement, Ascendas Reit said it will acquire the portfolio of 11 data centres from subsidiaries of Digital Realty Trust Inc, a New York-listed REIT that invests in carrier-neutral data centres.
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SINGAPORE, March 17, 2021 /PRNewswire/ Ascendas Funds Management (S) Limited (the Manager ), in its capacity as the manager of Ascendas Real Estate Investment Trust ( Ascendas Reit ) (Singapore: A17U), is pleased to announce the Proposed Acquisition of a portfolio of data centres located across Europe (the Proposed Acquisition )[1], for S$904.6 million[2] ( Total Consideration ) from subsidiaries of Digital Realty Trust, Inc. ( Vendor ). The portfolio comprises 11 data centres (the Target Portfolio or Target Properties ) located across the United Kingdom ( UK ) (4 properties), the Netherlands (3 properties), France (3 properties) and Switzerland (1 property).
Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. The DPU accretive acquisition marks the Reit’s maiden investment in European data
By Florence Chong2021-03-17T11:29:00+00:00
Ascendas REIT has bought a S$904.6m (€564m) European data centre portfolio in a deal that marks the Singapore listed trust’s entry into the international data centre market.
The portfolio, which has been acquired from Digital Realty Trust comprises four UK data centres worth £250.3m (€287.5m), three assets in the Netherlands, three in France and one asset in Switzerland amounting to €276.9m.
The centres have a total net lettable area of 61,637sqm.
William Tay, executive director and CEO of Ascendas Funds Management, said: “This acquisition gives us a unique opportunity to own a portfolio of well-occupied data centres across key markets in Europe.