Ascendas Real Estate Investment Trust’s S$904.6 Million Acquisition of Portfolio of 11 Data Centres in Europe

Allen & Gledhill advised Ascendas Funds Management (S) Limited, in its capacity as the manager of Ascendas Real Estate Investment Trust, on the S$904.6 million acquisition of a portfolio of 11 data centres in Europe by Ascendas REIT, comprising four data centres in the United Kingdom, three data centres in the Netherlands, three data centres in France and one data centre in Switzerland.

The deal marks the first foray into the international data centre market by Ascendas REIT. The Target Portfolio are located in London, Amsterdam and Paris, which are top data centre markets in Europe.

Ascendas Reit is Singapore’s first and largest listed business space and industrial real estate investment trust.

The Allen & Gledhill team advising on Singapore legal and regulatory issues included Partners Jerry Koh (Picture) and Foong Yuen Ping. 

Involved fees earner: Jerry Koh – Allen & Gledhill LLP; Foong Yuen Ping – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Ascendas Funds Management (S) Limited ;

Author: Sonia Carcano