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Digital Core REIT's second-largest customer Cyxtera files for bankruptcy

Bryan Wu
Bryan Wu • 4 min read
Digital Core REIT's second-largest customer Cyxtera files for bankruptcy
Digital Core REIT's data centre in Frankfurt, Germany. Photo: Digital Core REIT
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Digital Core REIT (SGX:DCRU) has announced today that its second-largest customer Cyxtera Technologies has filed for bankruptcy.

Cyxtera, a global colocation and interconnection provider, represents approximately US$16.3 million ($22.0 million) or 22.4% of Digital Core REIT’s annualised rental revenue; it is deployed across six data centres, representing 26.6% of the pure-play data centre REIT’s portfolio value.

The facilities it currently occupies comprise 100% of three shell and core facilities in Silicon Valley; 100% of two shell and core facilities in Los Angeles and 1.5 megawatts, or 4%, of a fully-fitted facility in Frankfurt.

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