CapitaLand Ascendas REIT (CLAR) has added a 拢119.4m (鈧�140m) data centre to its UK portfolio.
Singapore-listed CLAR has acquired the asset in Watford, northwest London from an unnamed global data centre operator.
The latest transaction increases the firm鈥檚 data centre investment in the UK to S$569.8m (鈧�384m), 96% of which is concentrated in London.
William Tay, CEO and executive director of CLAR鈥檚 manager, CapitaLand Ascendas REIT Management, said: 鈥淎s the demand for cloud and digital services continues to rise, we are capitalising on favourable market dynamics to significantly scale up our presence in the data centre sector.
鈥淟ondon ranks among the top three global data centre markets and is also Europe鈥檚 largest colocation data centre market.鈥�
CLAR now has a 鈥渟trategic presence鈥� with an improved footprint in Europe鈥檚 so-called FLAPD (Frankfurt, London, Amsterdam, Paris and Dublin) market.
CLAR鈥檚 enlarged data centre portfolio is valued a S$1.5bn.
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