
Digital Realty said it has completed the sale 11 data centres in Europe to Ascendas Reit for USD 680 million. The portfolio of data centres includes four in the UK, sold for GBP 250.25 million, plus three in the Netherlands, three in France and one in Switzerland, together sold for USD 276.85.
Digital Realty said the sale was an important step towards self-funding growth and diversifying sources of capital. The company said it wants to shrink its asset base and redeploy the proceeds into more income-generating investment opportunities, such as the continued expansion of its PlatformDigital. The money will also go towards paying down debt.