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Singapore s CapitaLand to split, form listed investment business

Singapore s CapitaLand to split, form listed investment business
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Ascendas Reit makes debut investment in European data centres for S$904 6 million

Share this article Share this article 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

Singapore shares rise ahead of Fed policy meeting; STI up 0 1%

The Straits Times Singapore shares rise ahead of Fed policy meeting; STI up 0.1% The Straits Times Index inched up 0.1 per cent or 4.14 points to close at 3,109.65.ST PHOTO: KUA CHEE SIONG PublishedMar 17, 2021, 7:10 pm SGT https://str.sg/Jjvy They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months.

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