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Digital Realty Seeks To List Data Centre-Focused Digital Core REIT In Singapore (Business Times)

November 23, 2021 – New York Stock Exchange-listed Digital Realty Trust is seeking a listing on the Singapore Exchange (SGX) for a data centre-focused REIT to be called Digital Core REIT.

According to the preliminary prospectus which was lodged with the Monetary Authority of Singapore on Monday (Nov 22), Digital Core Reit’s manager will offer more than 267 million units at US$0.88 per unit for subscription as part of an offering which will include a placement tranche and a public offer.

Nearly 253.7 million units will be offered in the placement tranche to international investors outside of the US while close to 13.4 million units will be offered to retail investors in Singapore.

The initial public offering (IPO) portfolio will comprise 10 freehold data centres in the US and Canada with a total net lettable area (NLA) of 1.2 million square feet (sq ft).

Read more here..

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