Mapletree Industrial raises S$823m for acquisition globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
SINGAPORE (THE BUSINESS TIMES) - Tighter measures due to the recent spike in Covid-19 cases may result in near-term weaknesses for reopening trade office and retail Reits (real estate investment trusts), DBS Group Research said in a report on Monday(May 3).
However, the analysts noted that stocks are not expected to revisit the lows which happened in March 2020 despite the increased volatility. This is because the Government and the community are better prepared to curb the community spread, and financial impact to landlords will likely be minimal, DBS said.
The research house anticipates that Reits with a focus on more discretionary trades may see more near-term volatility. This includes SPH Reit, Starhill Global Reit, Lendlease Reit and Mapletree Commercial Trust.
Singapore stocks rebound, pushing STI up 1 per cent straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
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Ascendas REIT is adding the Croydon Data Centre in London to its portfolio
Singapore’s Ascendas REIT is stepping up its server-hosting portfolio in a big way with the acquisition of 11 data centres across the UK and continental Europe.
The SGX-listed trust has agreed to acquire the 11-asset portfolio from subsidiaries of US-based Digital Realty Trust for a consideration of S$904.6 million ($671.7 million). The set includes four properties in England, three in the Netherlands, three in France and one in Switzerland.
Ascendas REIT, sponsored by Temasek-backed developer CapitaLand, has only two data centres in its portfolio at the moment, and none in Europe. It aims to increase its exposure to the burgeoning asset class amid increasing reliance on data and online applications and accelerating digitisation across industries, the trust’s manager said in a Wednesday release.
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Mapletree Industrial Trust last year sold a Singapore data centre to Equinix
Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.
“We are excited about winning this development land parcel,” said Wong Mun Hoong, Mapletree’s regional chief executive for Australia and North Asia. “Long-term macro drivers such as growing cloud computing, e-commerce as well as the impending 5G network, are expected to drive demand for data centres.”
Mapletree’s first data centre development in Hong Kong promises up to 50 megavolt-amperes of server-driving capacity. The company, which has previously sold data centre projects in Asia to US giant Equinix, as well as to China’s GDS, said that the project in the New Territories’ Fanling area could be leased to an end-user or a data centre operator upon the project’s schedul