Digital Realty sells 11 data centers in Europe for $680 mn

Digital Realty, a provider of data center, colocation and interconnection solutions, has completed the sale of 11 data centers in Europe (four in the UK, three in the Netherlands, three in France and one in Switzerland) to Ascendas Reit, a CapitaLand sponsored REIT.
Digital Realty data center locations
The consideration for the four data centers in the UK was £250.25 million and the consideration for the seven data centers on the continent was €276.85 million, for a total of approximately $680 million.  The portfolio is expected to generate 2021 net operating income of approximately $43.5 million.

Digital Realty will use proceeds from the transaction to pay down debt and will make investment in the future.