The agreed value of the property is said to be GBP125.1 million.
CapitaLand Ascendas REIT (CLAR) (SGX:A17U
) has completed the acquisition of its fifth data centre in the UK for GBP119.4 million ($199.9 million). The data centre was acquired from an unrelated global data centre operator.
The data centre is a two-storey, high-specification Tier III colocation data centre facility that is located in Watford in North-West London. It has a total land area of 25,000 sqm (269,097.76 sq ft) with a total lettable area of 8,412 sqm. Its occupancy rate as at June 30, is at 80% and it has a weighted average lease expiry (WALE) of 3.3 years by gross revenue. The data centre has five tenants as at June 30. Its remaining land lease tenure is at 85 years.
