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 centres. (PRNewsfoto/Ascendas Reit)