The counter fell 6.3 per cent or S$0.20 to S$2.99 as at 1.11pm, after some 27 million units changed hands. •This material shall be read in conjunction with the press release“Ascendas Reit makes debut investment in European data centres for S$904.6 million”released to the SGX-ST on the same day. Ascendas REIT A17U (SGX) It suddenly occured to me that after loading up in REITs in 2020, the only REIT purchase I made in 2021 was Ascendas REIT. Ascendas India Trust will invest around 12 billion Indian rupees, or around S$216.6 million, to develop the first phase of a data center campus in India’s Airoli, a data center hub in Navi Mumbai, the REIT’s manager said in a filing to SGX Monday. March 18, 2021. in News. 93% of the Target Portfolio (by asset value) is located in key European data centre markets As highlighted in our 2021 outlook on S-REITs, our recommended REIT for the industrial and data centre sub-segment is Ascendas REIT (AREIT). But these days, Ascendas REIT have evolved into something else. An important metric that unitholders look for is high-quality tenants … Diversified, high-quality tenants. Within the category, there are currently three data centres (4.3% portfolio) of which two are single-tenant buildings. The remaining of its portfolio is in logistics (23%), industrial (21%) and data centers (10%). 2. he portfolio comprises 11 data centres located across the United Kingdom, the … Today, Ascendas REIT is one of the biggest data centre providers in Singapore. a-iTrust is closing acquisition of a 6.6-acre greenfield site in Airoli, Navi Mumbai for its first fully fitted data centre campus in India. Ascendas India Trust to build a $162.4 million data center campus in Navi Mumbai, India. 1. Reiterate ADD rating, with a higher DDM-based target price of S$3.30. SINGAPORE (THE BUSINESS TIMES) - Ascendas Real Estate Investment Trust (Ascendas Reit) is looking to acquire 11 Europe data centres for $904.6 … Just last week, the REIT announced that it bought 11 data centres worth S$960 million, all of it in Europe. Ascendas REIT (SGX:A17U) recently completed the acquisition of a portfolio of 11 data centres in mid- Mar this year for a total purchase consideration of ~S$904.6m. Ascendas REIT will finance it by $612 million out of the $1.2 billion raised last year, and the remainder by debt and internal resources, the company said. Ascendas Property Fund says it will complete the acquisition of the 6.6-acre site of the proposed data center in the third quarter of 2021. The deal would be the REIT’s first data center investment in Europe and see it take over facilities in London, Manchester, Amsterdam, Geneva, and Paris. Ascendas Real Estate Investment Trust’s manager plans to acquire 11 data centres across Europe from subsidiaries of Digital Realty Trust, for about $904.6 million. a-iTrust is closing acquisition of a 6.6-acre greenfield site in Airoli, Navi Mumbai for its first fully fitted data centre campus in India. Ascendas REIT (SGX: A17U) is Singapore’s first and largest listed business space and industrial REIT. In terms of market capitalization, Ascendas REIT is the largest listed REIT in Singapore right now with a market cap of S$11.5B. Image credit: Ascendas REIT. Ascendas REIT’s trustee on Wednesday priced S$480.8 million ($358.6 million) in notes due in 2028, the manager said in a bourse filing on Thursday. Data centre portfolio to strengthen Ascendas REIT. The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% or S$0.5 billion as at 31 December 2020). However, this is definitely a right step forward and I hope that Ascendas REIT will keep adding on data centres such that it holds at least 30% of its portfolio in this resilient business. AIMS APAC REIT ("AA REIT") had a spectacular run up recently. If you like shopping at [email protected] (also … Ascendas REIT launches European data centre takeover with $672m M&A spree Ascendas Funds Management, in its capacity as the manager of Ascendas Real Estate Investment Trust … Data centres may not be the fanciest real estate asset class out there. Acquisition of the 11 European data centres will increase Ascendas Reit’s investment in data centres to S$1.5 billion or 10% of its total investment properties. Pictured is one of the target properties – Montigny-le-Bretonneux in Paris. The total acquisition cost including fees comes up to S$960m. Posted By: Leslie Shaffer Wednesday, 28 July 2021 19:10:36. The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% … Posted By: Leslie Shaffer Wednesday, 28 July 2021 19:10:36. As at 30 June 2021, ESR REIT holds interest in a diversified portfolio of 58 properties located across Singapore, with a total gross floor area of approximately 15.6 million square feet and an aggregate property value of $3.2 billion. With the acquisition, this will increase their data centre exposure from 31.6% to 39.0% in terms of Assets Under Management (“AUM”). The notes, which have a fixed interest rate of 0.75 percent and a reoffer yield of 0.773 percent, fall under the REIT’s S$7 billion euro medium-term securities programme. Our Properties. ... • Acquired 11 data centres across 5 key European cities for S$904.6 m • Completed the acquisition of a suburban office at 1-5 Thomas Holt Drive, Sydney, Australia, for S$284.0 m It recently announced that it bought 11 data centres worth S$960 million, all of it in Europe. The Target Portfolio will increase Ascendas Reit’s investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% or S$0.5 billion as at 31 December 2020). As of 31 December 2020, we can see the Ascendas REIT has a huge portfolio that is very well diversified across 4 countries. The transaction is DPU accretive for Ascendas REIT and increases its data centre exposure to 10% of its portfolio value. Reiterate ADD rating, with a higher DDM-based target price of S$3.30. Singapore-listed Ascendas REIT has agreed to sell three industrial assets in Australia in a A$125 million ($96.2 million) deal. Ascendas Reit has announced its intention to acquire a portfolio of data centres across Europe for $904.6m from subsidiaries of Digital Realty Trust, Inc. They also have about 60% of the portfolio in business parks and data centres which helps the portfolio stay resilient even in times of uncertainty like the COVID-19 pandemic. Ascendas Reit is also diversified across countries. AUSTIN, Texas, March 17, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR ), … Ascendas says the target portfolio is 97.9 percent occupied by 14 customers, and has a total net lettable area of 61,600 sq m (663,400 sq ft). March 17, 2021 – Ascendas Real Estate Investment Trust (REIT) announced the Proposed Acquisition of a portfolio of data centres located across Europe summing up to S$904.6 million (US $672 million). Four of the data centres are located in the UK, three each are in the Netherlands and France and one is in Switzerland. The portfolio comprises four data centres(£250.25m) in the UK and seven data centres(€276.85m) in the Netherlands, France, Switzerland. But they also are moving into data centres. 93% of the Target Portfolio (by asset value) is located in key European data centre markets And Mr. William Tay, CEO of Ascendas REIT sees his REIT as a “distribution of data”. In March, Ascendas REIT announced the acquisition of 11 data centres in Europe, expanding its existing data centre portfolio from 4% to 10%. Diversified, high-quality tenants. Ascendas REIT notes that high-specifications industrial and data centres make up 17% of its portfolio by value of the investment properties, which was at 20% in FY19 and 21% in FY18. If you are starting to take notice of Ascendas-Reit (A-Reit) after its recent acquisition of a few data centres in Europe, welcome to the party. • The past performance of Ascendas Reit is not indicative of future performance. The total portfolio is last valued at S$905m and will be acquired at S$904.6m. The acquisition of the data centres barely make an impact to Ascenda REIT due to the colossal size of the overall properties under its portfolio. 93% of the Target Portfolio (by asset value) is located in key European data centre markets We have assumed that the European data centre portfolio is valued at S$1.0bn and have … Ascendas REIT has announced its long-awaited data centre transaction. Digital Realty (NYSE: DLR) has completed the sale of a portfolio of 11 data centres in Europe to Ascendas Reit, a CapitaLand sponsored REIT. This might change in the near future, as the manager highlighted the possibility of converting selected assets into data… 2. Please scan the QR code or search "SGX" in the app to follow. PHILLIP Capital maintained its "buy" call on Ascendas Real Estate Investment Trust (Ascendas Reit) in a Tuesday report. Ascendas REIT has proposed to acquire a portfolio of data centres located across Europe for SGD904.6 million. Ascendas Reit’s manager expects to complete the proposed acquisition in UK time today. Ascendas India Trust reported Wednesday its first half net property income rose 5 percent on-year to S$77.3 million, mainly on the completion of the Endeavour building in Bangalore in November 2020 and the acquisition of the aVance 6 building in Hyderabad in March. They also have about 60% of the portfolio in business parks and data centres which helps the This is one of Singapore’s biggest industrial REIT with a market cap of S$12 billion. The Edge Singapore Published on Fri, Mar 19, 2021 / 6:31 AM GMT+8. Singapore-listed industrial real estate investment trust Ascendas Real Estate Investment Trust (Ascendas Reit) is acquiring a portfolio of data centres located across Europe from subsidiaries of Digital Realty Trust, Inc. for S$904.6 million.. 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 vendor of the properties is Digital Realty Trust, a New York-listed data centre Reit. Ascendas REIT, Singapore’s largest listed owner of industrial and office property, has made a small profit on a Brisbane distribution centre soon to be vacated by Coles. You can read more about it here. ASCENDAS REIT. The deal would be the REIT’s first data centre investment in Europe as it takes over four facilities in the UK, three in the Netherlands, three in France and one data centre in Switzerland. Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. The DPU accretive acquisition marks the Reit’s maiden investment in European data centres. The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% … We are expecting Ascendas REIT to announce an acquisition of a European data centre portfolio very soon as we understand that negotiations are on track. SINGAPORE (THE BUSINESS TIMES) - Ascendas Real Estate Investment Trust (Ascendas Reit) is looking to acquire 11 Europe data centres for $904.6 million. Digital Realty Completes Sale Of 11 Data Centers In Europe To Ascendas Reit For $680 Million. Ascendas REIT has bought a S$904.6m (€564m) European data centre portfolio in a deal that marks the Singapore listed trust’s entry into the international data centre market. This gives me a boost of confidence as Digital Realty Trust holds very stron… In fact, it’s one of the top 30 companies in Singapore. Taking a look into the acquisition overview, the portfolio being acquired consists of 11 Data Centres, 4 in the UK while 7 are in Netherlands/France/Switzerland. Singapore-listed industrial real estate investment trust Ascendas Real Estate Investment Trust (Ascendas Reit) is acquiring a portfolio of data centres located across Europe from subsidiaries of Digital Realty Trust, Inc. for S$904.6 million.. Recently, on 17 March 2021, Ascendas Reit has completed the S$904.6 million acquisition of 11 data centres in Europe, increasing the number of properties into its already well-diversified portfolio. With the huge growth in e-commerce, more and more companies need data storage. Initial NPI yield of 6%, WALE of 4.6 years by GRI, portfolio occupancy of 97.9%. Out of its 15.1 million portfolio value, the majority is invested in Singapore (60%) while the rest is in Australia, UK and US. Please scan the QR code or search "SGX" in the app to follow. Ascendas India Trust reported Wednesday its first half net property income rose 5 percent on-year to S$77.3 million, mainly on the completion of the Endeavour building in Bangalore in November 2020 and the acquisition of the aVance 6 building in Hyderabad in March. You see, Ascendas REIT sees itself not only as a ‘distribution of physical space’, but a distribution of data — it is growing its portfolio of data centres. The fully-occupied centre has 10,541 square metres (113,462 square feet) of net lettable area, or 17 percent of the portfolio’s combined NLA. The Group currently has four data centres in Singapore, 11 in Europe, and it is the fund and asset manager for the development of a data centre in Korea. At today’s price of $3.1, Ascendas REIT trades at 1.36x book value, and a 4.73% trailing yield (3.17% yield spread vs the 10 year SSB at 1.56%). With Price/Book Value of just 1.01, ESR REIT share price is trading at just its book value. William Tay, CEO of Ascendas REIT The largest facility in the portfolio is a purpose-built, single-storey data centre in Welwyn Garden City about 35 kilometres (21.7 miles) north of central London. The vendor of the properties is Digital Realty Trust, a New York-listed data centre Reit. 83% of leases have annual rental escalations of 1-3%. Given the lack of price action over the last few years, this stock has been likened to be the equivalent of a "fixed deposit" stock. Morgan Stanley Virtual Hong Kong Summit 29-30 March 2021. An important metric that unitholders look for is high-quality tenants … Our Properties. 28 July 2021, Singapore – Ascendas Property Fund Trustee Pte. Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is … Ascendas Reit’s manager expects to complete the proposed acquisition in UK time today. The purchase will boost the Reit's exposure to data centres to 10 per cent of its total investment properties, from 4 per cent as at Dec 31, 2020. Ascendas REIT will finance it by $612 million out of the $1.2 billion raised last year, and the remainder by debt and internal resources, the company said. Ascendas REIT (SGX:A17U) announced the proposed acquisition of a portfolio of 11 data centres (DCs), located in the UK, Netherlands, France and Switzerland, for S$904.6m. The purchase would boost the Reit's exposure to data centres to 10 per cent of its total investment properties, from 4 per cent currently. In Europe, CapitaLand’s business space and industrial REIT, Ascendas Real Estate Investment Trust (Ascendas REIT) recently acquired 11 data centres in key markets that complement its existing data centre portfolio in Singapore, expanding its presence into key European data markets. A-REIT’s Australia portfolio value increased from S$1.56 billion in 2018 to S$1.65 billion in 2019. Ascendas REIT - Venturing Into European Data Centre Market. This came after Ascendas Reit announced its S$904.6 million acquisition of 11 data centres in Europe on March 17. Ascendas Reit makes debut investment in European data centres for S$904.6 million Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. The portfolio has a total net lettable area of 61,637 sq m and is 97.9% occupied, with a … The Group currently has four data centres in Singapore, 11 in Europe, and it is the fund and asset manager for the development of a data centre in Korea. Ascendas India Trust posts 1H FY2021 DPU of 4.20 Singapore Cents. Located in London, the largest and most mature colocation data centre market in Europe, the two-storey Croydon (pictured) is one of the 11 European data centres that Ascendas Reit is acquiring. Ascendas REIT needs no introduction. The portfolio is being acquired from Digital Realty Trust, and it comprises assets in the UK (4 properties), the Netherlands (3 properties), France (3 properties) and Switzerland (1 property). By moving into the business, science parks and data centres, Ascendas REIT captures the high-quality tenants of today — not just government agencies like DSO National Laboratories, the big Singapore banks, or telecommunication companies, but fast-growing technology companies that are generating immense amounts of cash flow. Singapore’s Ascendas REIT buys European data centre portfolio for S$904.6m. Ascendas REIT announced its maiden acquisition of 11 European data centres (DCs) for S$904.6m. 93% of the Target Portfolio (by asset value) is located in key European data centre markets Ascendas Funds Management, in its capacity as the manager of Ascendas Real Estate Investment Trust, Singapore's largest listed business space and industrial real estate investment trust, has announced the proposed acquisition of a portfolio of data centres located across Europe for S$904.6 million from subsidiaries of Digital Realty Trust, Inc. Buy This Trophy Asset Before This REIT Roars Again. Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) is selling a data centre in Tai Seng to the Ascendas-Singbridge Group.. Read more at straitstimes.com. An important metric that unitholders look for is high-quality tenants … 2. That’s why he is loading up the REIT on data centres in the U.S. and Europe. Our recommended REIT to gain some exposure to data centres is Ascendas REIT (SGX:A17U), Its diversified portfolio of asset classes including data centres and logistics properties are positioned to ride on the key trends of the post-COVID economy. 28 July 2021, Singapore – Ascendas Property Fund Trustee Pte. Not long after, Mapletree Industrial REIT announced plans to buy 29 data centres in the US for close to S$1.8 billion. Ascendas REIT is quick to adapt to the ‘online’ revolution. Diversified, high-quality tenants. Ascendas India Trust posts 1H FY2021 DPU of 4.20 Singapore Cents. Ascendas Property Fund wants to invest up to R 12 billion ($162.4 million) to build and operate phase one of a campus in Airoli, Navi Mumbai. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. ASCENDAS REIT COMPLETES ACQUISITION OF A PORTFOLIO OF 11 DATA CENTRES IN EUROPE Further to the announcement dated 17 March 2021, relating to the proposed acquisition (the “Proposed Acquisition”) of a portfolio of 11 data centres in Europe, comprising four data centres 2. I have always like data centres especially after my good call on Keppel DC Reit (AJBU.SI) at a time when nobody else is paying much attention to it. On 4 October 2018, Ascendas REIT completed the acquisition of the second tranche of one leasehold and 25 freehold distribution centres for S$459.2 million. The properties are also fully occupied and have Aston Martin, Royal Mail, Amethyst Group, Eddie Stobart, Sainsbury, and Vax as key tenants. The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% or S$0.5 billion as at 31 December 2020). The Ascendas Funds Management, as the manager of Ascendas Real Estate Investment Trust (Ascendas Reit), has acquired a portfolio of data centres located across Europe for S$904.6 million (US$ 673.4 million) from subsidiaries of Digital Realty. The Target Portfolio will increase Ascendas Reit’s investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% or S$0.5 billion as at 31 December 2020). The transaction is DPU accretive for Ascendas REIT and increases its data centre exposure to 10% of its portfolio value. In March 2021, Ascendas Reit’s data centre portfolio expanded to the United Kingdom (four properties), the Netherlands (three properties), France (three properties) and Switzerland (one property). The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% … Given its large debt headroom and access to fund raising, Ascendas REIT conducted more than S$1.5bn of acquisitions and developments in FY20. ASCENDAS Real Estate Investment Trust (Ascendas Reit) has acquired 11 data centres in Europe for S$904.6 million. Ascendas REIT (SGX: A17U) is Singapore’s first and largest listed business space and industrial real estate investment trust with a market cap of S$12.1 Billion. Increased data centre contribution. The … Ascendas Property Fund wants to invest up to R 12 billion ($162.4 million) to build and operate phase one of a campus in Airoli, Navi Mumbai. As of 31 December 2020, we can see the Ascendas REIT has a huge portfolio that is very well diversified across 4 countries. The Target Portfolio will increase Ascendas Reit's investment in data centres to 10% (S$1.5 billion) of total investment properties of S$15.0 billion (from 4% or S$0.5 billion as at 31 December 2020). 58%/42% on triple net/colocation lease structures. The portfolio comprises four data centres(£250.25m) in the UK and seven data centres(€276.85m) in the Netherlands, France, Switzerland. Today, Mapletree Industrial Trust has announced their proposed acquisition of the remaining 60% interest in the 14 data centres located in the United States of America. In fact, Ascendas REIT recently bought 11 European data centres worth S$960 million. UNITS of Ascendas Real Estate Investment Trust (Ascendas Reit) lost ground on Wednesday after its manager announced it was readying a war chest to acquire data centres and office buildings overseas. As a result of the acquisition, the data centre segment’s contribution to Ascendas REIT’s total asset value will rise from 4% to 10%. The 11 data centres are located in the UK (4), the Netherlands (3), France (3) and Switzerland (1). An interesting point is that this portfolio is bought over from subsidiaries of Digital Realty Trust, a very well-known Data Centre REIT listed in the US. Ascendas Real Estate Investment Trust’s manager plans to acquire 11 data centres across Europe from subsidiaries of Digital Realty Trust, for about $904.6 million. Ascendas REIT announced its maiden acquisition of 11 European data centres (DCs) for S$904.6m. Ascendas REIT (SGX:A17U) announced the S$960mn acquisition of 11 European data centres came four months earlier than anticipated, though below our S$1.5bn projection. Disclaimers • This presentation may contain forward-looking statements. 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