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Digital Core REIT proposes inaugural acquisition of core data centres in Frankfurt and Dallas

Felicia Tan
Felicia Tan9/22/2022 09:22 AM GMT+08  • 3 min read
Digital Core REIT proposes inaugural acquisition of core data centres in Frankfurt and Dallas
The REIT has proposed to acquire partial stakes in said data centres.
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Digital Core REIT, on Sept 22, entered into an agreement with its sponsor, Digital Realty, to acquire stakes in two core data centres in Germany and the US.

The REIT has proposed to acquire a 25% interest in an institutional quality freehold data centre in Frankfurt, Germany valued at €558 million ($781.5 million) at 100% share, with the option to acquire up to an 89.9% interest in the Frankfurt facility.

At the same time, the REIT has proposed to acquire a 90% interest in an institutional quality freehold data centre in Dallas, Texas, valued at US$199 million ($281.4 million) at 100% share.

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