CapitaLand-backed Ascendas, a Singapore REIT operator, completed the acquisition of 11 data centres located across Europe from Digital Realty Trust, a real estate investment trust that invests in carrier-neutral data centers, for $672m. "This acquisition gives us a unique opportunity to own a portfolio of well-occupied data centres located across key markets in Europe. It complements our existing data centre portfolio in Singapore and will increase the sector's contribution to S$1.5bn or 10% of investment properties under management," William Tay, Ascendas Funds Management Executive Director and CEO.