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CapitaLand investing $564m for first hyperscale data centre in China
Facade of CapitaLand’s first hyperscale data centre campus in China.
April 28, 2021
Singapore-based real estate major CapitaLand Ltd announced that it is expanding into China’s data centre market, the world’s second-largest and the largest in Asia Pacific, by acquiring its first hyperscale data centre in Shanghai for 3.66 billion ($564 million).
CapitaLand said the acquisition of the data centre campus will be made through the purchase of 100% equity interest in two companies registered in China – AVIC Trust, an investment arm of Shanghai-listed AVIC Capital, and from an unrelated third-party vendor.
The Straits Times
Phase 2 of underground highway for used water to be financed through borrowing: MOF
The Deep Tunnel Sewerage System will be one of the nationally significant infrastructures that the Government intends to pay for through borrowing.PHOTO: LIANHE ZAOBAO
Second Minister for Finance Indranee Rajah (left) and Minister for Sustainability and the Environment Grace Fu (centre) during a site visit to the DTSS Phase 2 on April 19, 2021.ST PHOTO: AUDREY TAN
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Deep Tunnel Sewerage System will increase Singapore s water resilience straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
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Ascendas REIT is adding the Croydon Data Centre in London to its portfolio
Singapore’s Ascendas REIT is stepping up its server-hosting portfolio in a big way with the acquisition of 11 data centres across the UK and continental Europe.
The SGX-listed trust has agreed to acquire the 11-asset portfolio from subsidiaries of US-based Digital Realty Trust for a consideration of S$904.6 million ($671.7 million). The set includes four properties in England, three in the Netherlands, three in France and one in Switzerland.
Ascendas REIT, sponsored by Temasek-backed developer CapitaLand, has only two data centres in its portfolio at the moment, and none in Europe. It aims to increase its exposure to the burgeoning asset class amid increasing reliance on data and online applications and accelerating digitisation across industries, the trust’s manager said in a Wednesday release.