Data usage is exploding around the globe. And the pandemic just accelerated this trend. Because of this, Ericsson estimates that 5G subscriptions will reach 3.5 billion by 2026 and account for nearly 54% of all mobile data. Businesses are also reliant on cloud infrastructure for telecommuting, while an increasing number of software-as-a-service companies offer their subscription services through the cloud. The resultant surge in internet traffic has led to strong demand for data centres to house all this data. Ascendas REIT (SGX: A17U), one of the oldest industrial REITs listed here, has just announced that it will be acquiring a portfolio of 11 European data centres for S$904.6 million. This move comes after Mapletree Industrial Trust (SGX: ME8U) had made two data centre acquisitions last year, one of a 60% interest in 14 data centres in the US, and another of a data centre and office property, also in the US....