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.