Digital Core REIT, through its subsidiary, Digital CR Singapore 5 Pte. Ltd., has plans to acquire a property located at Wilhelm-Fay-Strasse 15 and Wilhelm-Fay-Strasse 24 in Frankfurt, Germany.
Singapore Sub 5 has agreed to purchase 24.9 percent of the outstanding shares percent interest 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 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 and 89.9 percent, according to the release.
The Frankfurt facility is an institutional-quality, freehold data center concentrated within a top-tier, core
