The property, located at Wilhelm-Fay-Straße 15 and Wilhelm-Fay-Straße 24 in Frankfurt, Germany, is an institutional quality, freehold data centre concentrated within a core data centre market, which totals 449,546 net rentable sq ft as at Dec 31, 2023.
The manager of Digital Core REIT has proposed the REIT’s acquisition of a further 24.9% interest in a data centre in German for a purchase consideration of EUR117.0 million ($170.65 million).
On March 6, the manager announced that Digital CR Singapore 5, a subsidiary of Digital Core REIT, has agreed to purchase a 24.9% interest in the shares of Digital Greenfield B.V., which owns the German data centre, from Digital Germany Holding, LLC, a wholly-owned subsidiary of Digital Realty Trust.
