Ascendas REIT Buys 11 European Datacentres

News about CapitaLand Ascendas REIT

Ascendas REIT isn't done shopping for more assets as it announces the acquisition of 11 data centres in Europe from a subsidiary of Digital Realty Trust (a specialized REIT listed in the USA).


The purchased assets are 11 properties spread across the UK, France, the Netherlands and Switzerland:

  • 5 properties are leasehold (with an average lease expiry of 42.9 years) and 6 are freehold
  • A total of 61,637 m² of Net Lettable Area, with a 97.9% occupancy (spread over 14 customers) and a 4.6 years WALE

The S$960.0 million total cost will be internally funded through debt and cash (from the proceeds of the fund raising done last Decembre).


The manager expects the acquisition to be yield accretive, increasing DPU by 1.3%.

CapitaLand Ascendas REIT
Price2.590 SGD
NAV2.190 SGD
Yield (4 quarters)5.85%