Digital Core REIT acquires 20% stake in Osaka data centre

The data centre has a net rentable area of 193,535 square feet.

Digital Core REIT acquired a 20% interest in an Osaka data centre for $117m (JPY13.2b).

The data centre is freehold and fully fitted, with a net rentable area of 193,535 square feet. It was completed in 2021 and is predominantly leased to leading global cloud providers.

The company said it supports the group’s strategy to expand its presence in top-tier global data centre markets.

The acquisition is expected to be about 1.8% accretive to the REIT’s distribution per unit, bringing it to US$0.0367 on a pro forma basis from US$0.036.

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