- Digital Core REIT (SGX:DCRU) has just made significant announcements regarding its response to the Chapter 11 filing of its second largest tenant, Cyxtera Technologies.
- In a move aimed at resolving Cyxtera's bankruptcy, Brookfield Investment Partners has inked a deal to acquire a substantial portion of Cyxtera's portfolio (including some of the data centres that are held by Digital Core REIT).
- - Read this at SGinvestors.io -
The strategic actions
- Below are the strategic actions that reflect Digital Core REIT's proactive approach in navigating the complexities of Cyxtera's Chapter 11 filing, ensuring the stability and growth of its data centre portfolio:
Lease amendment at two Los Angeles data centres.
- - Read this at SGinvestors.io -
Lease termination at Frankfurt date centre.
- The lease at Frankfurt DC, which accounts for approximately 4% of the property, is being terminated where the REIT, together with the sponsor will assume operations at the property.
/ Divestment of two data centres in Silicon Valley.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Dale LAI DBS Group Research | Derek TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-11-03
Read also DBS's most recent report:
2024-02-02 Digital Core REIT - Tenant Bankruptcy A Thing Of The Past.
Price targets by other brokers at Digital Core REIT Target Prices.
Listing of research reports at Digital Core REIT Analyst Reports.
Relevant links:
Digital Core REIT Share Price History,
Digital Core REIT Announcements,
Digital Core REIT Dividends & Corporate Actions,
Digital Core REIT News Articles
