News

Commercial Property

Staff Reporter

, Singapore

Published:

3 years ago

156 views

/CapitaLand Ascendas REIT (CLAR) deepens its data centre presence in the UK with its fifth acquisition of a two-storey high-specification Tier III colocation facility for S$200 million. Located in London, one of the world’s top three data centre markets and Europe’s largest colocation data centre market, this DPU-accretive new economy acquisition will strengthen CLAR’s portfolio returns. With this latest Acquisition, CLAR’s data centre investments in the UK will increase by approximately 54% to S$569.8 million, with 96% of the investments in the UK concentrated in London. /CLAR media

CLAR secures fifth data centre in the UK for $200m

The data centre is a high-specification Tier III.

CapitaLand Ascendas REIT (CLAR) said it completed the acquisition of the high-specification Tier III colocation data centre facility in Watford, North-West London for £119.4m ($199.9m).

CLAR CEO William Tay said the company is capitalising on favourable market dynamics to scale up its presence in the data centre sector.

“London ranks among the top three global data centre markets and Europe’s largest colocation data centre market,” said Tay.

He added that the latest acquisition boosted their data centre investments in the UK by 54% to $569.8m and increased exposure in London to 96% of their assets in the UK.

Tay said they expect their enlarged data centre portfolio valued at $1.5b to contribute a continuous income stream to the overall DPU growth.

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