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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

Monetary Authority Of Singapore: Court Convicts Individual For False Trading And Deception

Monetary Authority Of Singapore: Court Convicts Individual For False Trading And Deception Date 15/03/2021 Mr Wong Leon Keat (Mr Wong) was sentenced on 12 March 2021 to a total of eight weeks’ imprisonment  [1]  and a fine of $30,000 for false trading and deceiving a brokerage firm while trading in the shares of Gaylin Holdings Limited (Gaylin). He was convicted on 11 February 2021 and his conviction was the result of a joint investigation conducted by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department of the Singapore Police Force, following a referral by the Singapore Exchange Securities Trading Limited (SGX-ST) to the MAS.   2     Mr Wong was charged with the following offences:

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