Digital Core REIT to acquire data centers in Germany, Texas
Digital Core REIT, the only pure-play data center Singapore REIT sponsored by Digital Realty, has plans to acquire majority stakes in two data centers owned by Digital Realty in a transaction valued at up to $681 million.
If the deal is funded by external bank borrowings and equity fundraising, it will acquire an 89.9-percent interest in a facility in Frankfurt, as well as a 90-percent interest in a data center in Texas, according to Data Center Dynamics.
The facility in Germany is 450,662 square feet with 34 megawatts, and the facility in Texas offers 117,876 square feet with 7 megawatts.
“The acquisition of these state-of-the-art facilities will enable Digital Core REIT to deliver upon our external growth strategy and establish a presence in two leading core global data center markets,” said John Stewart, CEO of Digital Core REIT Management. “This transaction also strengthens Digital Core REIT’s portfolio through improved customer and geograp