CapitaLand to acquire Tier III colocation data centre facility for £128m.

CapitaLand, a private equity firm, agreed to acquire Tier III colocation data centre facility for £128m. “As 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. London ranks among the top three global data centre markets and is also Europe’s largest colocation data centre market. This Acquisition complements our data centres around London, deepening and boosting our data centre investments in the UK by 54% to S$570m, as well as increasing our exposure in London to 96% of our investments in the UK. Given its strategic location and Tier III specifications, along with its robust tenancy, the Property will serve as a strong catalyst in delivering additional value to the REIT," William Tay, CapitaLand CEO and Executive Director.