- Digital Core REIT (SGX:DCRU) announced their long-awaited maiden acquisition plans this morning. Similar to their guidance last quarter, Digital Core REIT aims to acquire 2 data centres (DCs) from its sponsor pipeline worth a collective total consideration of US$700m. The manager will be given 6 months to complete these acquisitions, and the size of the deal and way of funding the deal will be subject to overall cost of capital and market conditions.
- - Read this at SGinvestors.io -
- in the bull case scenario, acquire both DCs worth up to ~US$700m.
- - Read this at SGinvestors.io -
Scenario1 – Debt-funded scenario: 25.0% interest in Frankfurt DC
- Read more at SGinvestors.io.