Digital Core REIT boosts stake in Frankfurt data centre to 49.9%

It acquired the additional stake for €117.0m ($170.6m).

Digital Core REIT’s subsidiary Digital CR Singapore 5 (Singapore Sub 5) has acquired a 24.9% additional stake in Digital Greenfield B.V., which owns a data centre (DC) at Wilhelm-Fay-Straße 15 and Wilhelm-Fay-Straße 24 in Frankfurt, Germany.

Singapore Sub 5 will acquire the additional stake from Digital Germany Holding, LLC for €117.0m ($170.6m).

With the acquisition, the REIT’s stake in Digital Greenfield B.V. will increase to 49.9%.

In December 2022, Digital Core REIT acquired a 25.0% interest in the Frankfurt DC.

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