Allied to sell UDC portfolio to KDDI Corporation for C$1.35 billion

(Reuters) - Allied Properties Real Estate Investment Trust on Wednesday said it has entered into an agreement to sell its urban datacenter portfolio to Japanese telecommunications provider KDDI

(Corrects to Canadian dollar from U.S. dollar throughout and adds conversion)

(Reuters) -Allied Properties Real Estate Investment Trust on Wednesday said it has entered into an agreement to sell the urban-data-centre (UDC) portfolio in downtown Toronto to KDDI Corporation for C$1.35 billion ($1.02 billion).

($1 = 1.3222 Canadian dollars)

(Reporting by Pratyush Thakur in Bengaluru; Editing by Dhanya Ann Thoppil)

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