Digital Core REIT increases stake in Frankfurt data center
Transactions - MARCH 11, 2024

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Digital Core REIT increases stake in Frankfurt data center

by Andrea Zander

Digital Core REIT, through its subsidiary Digital CR Singapore 5, has plans to acquire a property located at Wilhelm-Fay-Strasse 15 and Wilhelm-Fay-Strasse 24 in Frankfurt, Germany.

The Frankfurt facility is an institutional-quality, freehold data center concentrated within a top-tier, core data center market located in Germany, which totals 449,546 net rentable square feet. It is 92 percent leased to multiple tenants of blue-chip firms.

Singapore Sub 5 has agreed to purchase 24.9 percent of the outstanding shares in the Frankfurt facility from Digital Greenfield, a subsidiary of Digital Germany Holding, together with an equivalent percentage participation interest in the existing €300 million ($321 million) unsecured intercompany revolving loan facility between Digital Euro Finco, a wholly owned subsidiary of the Digital Realty Trust as lender and Digital Greenfield as borrower.

It will increase its holdings from 49.9 percent to an amount between 50.1 percent

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