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Singapore data centre REIT buys DLR estate in the USA and Germany

The properties in question have a 100% combined market value of US$755 million and serve two of the world’s busiest locations.

By João Marques Lima

Founder and Editor, The Tech Capital

7 Mins

September 26, 2022 | 3:20 PM BST

Singapore data centre REIT buys DLR estate in the USA and Germany

John J. Stewart, CEO of Digital Core REIT Management Pte. Ltd.. Source: Digital Realty

The Tech Capital

Singapore data centre REIT Digital Core REIT (SGX: DCRU), sponsored by Digital Realty (NYSE: DLR), has entered into an agreement with Digital Realty to acquire a 25% interest in an institutional quality freehold data centre in Frankfurt, Germany, valued at €558 million, or approximately US$558 million (at 100% share), with the option to acquire up to an 89.9% interest in the Frankfurt facility and a 90% interest in an institutional quality freehold data centre in Dallas, Texas, valued at US$199 million (at 100% share), subject to suitable market conditions.

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João Marques Lima

Founder and Editor, The Tech Capital

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