The total acquisition cost is estimated to be between approximately US$1.1 million ($1.43 million) and US$213 million.
The REIT manager will make a subsequent announcement on the actual amount of the interest to be acquired in the Frankfurt facility, taking into account prevailing market conditions.
Based on current market conditions, the manager expects to acquire an interest of approximately 10% in the facility.
The proposed acquisition is expected to be approximately 1.7% accretive to Digital Core REIT’s annual distribution per unit at the 10% acquisition amount.
See also: Oracle said to partner DayOne in Indonesia for cloud services plan
Units in Digital Core REIT closed at an unchanged 59 US cents on September 6.
Scroll to continue
