The consideration for the 10% stake is JPY7.73 billion ($68.9 million). It is based on the agreed value of JPY77.25 billion. It takes into account the estimated net assets and liabilities of Digital Osaka 2 TMK as at the date of closing.
The manager of Digital Core REIT (DC REIT) has acquired an additional 10% interest in Digital Osaka 2 TMK. Digital Osaka 2 TMK holds the data centre located at 6-chome, Ao-kita, Saito, Minoh-city, Osaka, Japan.
The share purchase agreement (SPA) was entered into between the REIT manager’s wholly-owned subsidiary, Digital CR Singapore 4 Pte. Ltd., Japan Branch, and a third-party vendor, Mitsubishi Corporation, on March 29. The acquisition was completed on the same day.
