- Digital Core REIT continues to increase geographical diversification by acquiring an additional 24.9% stake in a Frankfurt data centre and a 10% stake in an Osaka data centre. Data centres in Germany and Japan expanded by 19ppt y-o-y to 33% of annualised rent.
- - Read this at SGinvestors.io -
Accretive asset recycling.
- Digital Core REIT (SGX:DCRU) has repositioned its portfolio to increase geographical diversification and strengthen servicing of hyperscale tenants:
Strengthen presence in Frankfurt, Germany.
- Digital Core REIT has completed the acquisition of an additional 24.9% interest in Wilhelm-Fay Straße 15 and 24, a fully-fitted freehold data centre in Frankfurt, from sponsor Digital Realty for €117m or US$128.7m, which is a 6% discount to appraised valuation, in Apr 24.
- - Read this at SGinvestors.io -
Strengthen presence in Osaka, Japan.
- Digital Core REIT has completed the acquisition of another 10% interest in a fully-fitted freehold data centre located in Osaka from Mitsubishi Corporation for ¥7.725b or US$51.5m, which is a 1% discount to appraised valuation, in Mar 24.
- The acquisition brought its aggregate interest to 20%.
Acquisitions partially funded by divestments.
- Read more at SGinvestors.io.
