- 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.