DC REIT has reached a definitive agreement to sell two of the three Silicon Valley facilities to Brookfield Infrastructure Partners and its institutional partners for US$178 million. The trust owns a 90% interest in both assets.
Pure-play data centre REIT Digital Core REIT (DC REIT) (SGX:DCRU
) has reached a series of agreements to resolve the bankruptcy of its second-largest customer Cyxtera, expand into Japan and acquire additional interest in a facility in Frankfurt.
Cyxtera — a global colocation and interconnection provider representing approximately US$16 million ($21.93 million), or 22% of annualised rental revenue — filed for Chapter 11 bankruptcy protection in June. It currently occupies 100% of three shell and core facilities in Silicon Valley; 100% of two shell and core facilities in Los Angeles; and 4% of a fully-fitted facility in Frankfurt.
