Digital Core Reit

The sponsor is Digital Realty the largest global provider of cloud- and carrier-neutral data center co-location and interconnection services the prospectus said. IPO Price will be US088.

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Digital Realty Trust is moving forward with its plan to list a data centre-focused REIT in Singapore via an initial public offering IPO.

. The Real Estate Investment Trust REIT which owns 10 freehold data centres in the United States and Canada worth around 14 billion is issuing 682. Core REIT will also be offered the global right of first refusal for a number of properties. Going forward Digital Realty said it intends to co-invest with Digital Core REIT for all future acquisitions taking 10 percent of each asset. List of Associated Schemes.

Digital Core REIT is a Singapore REIT S-REIT established with the principal investment strategy of investing directly or indirectly in a diversified portfolio of stabilised income-producing real estate assets located globally which are used primarily for data centre purposes as well as assets necessary to support the digital economy. List of offer documents. Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year the company said in its prospectus on Monday. UEN ID 202123160H is a corporate entity registered with Accounting and Corporate Regulatory Authority.

At its indicative IPO price of US088 Digital Core REITs distribution yield is estimated to be 475 for the year ending 31 December 2022. In fact i think that the seller is getting a good deal. Forecast distribution yield for 2022 is 475. The Businesss principal activity is OTHER.

DIGITAL CORE REIT MANAGEMENT PTE. PURE play data centre real estate investment trust Reit Digital Core Reit intends to raise total gross proceeds of US977 million from its initial public offering IPO on the Singapore Exchange including the issuance of the sponsor units cornerstone units and parent US Reit preference shares. Digital Realty plans to co-invest with Digital Core REIT for all future acquisitions with the REIT holding 90 percent of each asset and the sponsor taking 10 percent. Should DR choose not to co-invest the new Core REIT can invest alone or in partnership with third parties.

According to the preliminary prospectus which was lodged with the Monetary Authority of Singapore on Monday Nov 22 the Reits manager will offer more than 267 million units at US088 per unit for subscription as part of an offering which will include a placement tranche and a public offer. Known as the Digital Core REIT it will be the second data centre-focused REIT to list on the Singapore Exchange SGX after. Digital Core REIT files IPO adding to year end listing jump It will have an initial portfolio of 10 freehold data centres in US and Canada with an appraised value of US14 billion. Digital Core REIT will indirectly hold a 90 percent interest in the 10 properties in the IPO portfolio while the sponsor will retain a 10 percent holding the filing said.

The Company is a Private Company Limited by Shares incorporated on 2 July 2021 Friday in Singapore. The entity status is Live Company. Date Document Type Status Download Comments. Digital Core REITs initial portfolio comprises 10 freehold data centres in key markets of the US and Canada with an appraised valuation of 14 billion and a net rentable area of 12 million square feet 111484 square metres.

- Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year the company said in its prospectus on Monday. Read more at The Business Times. The Business current operating status is Live Company. The Real Estate Investment Trust which owns 10 freehold data centres in the United States and Canada worth around 14 billion is issuing.

Unique Entity Number. With a total of some 267 million shares to be sold this issue is likely to be raising around US235 million 320 million. Keppel DC Reit trades at a PE of 2236 while Digital Core Reit trades at an implied PE of 28 upon IPO. Relieve stress Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singap.

The company was incorporated on 02 Jul 2021 which is 04 years ago. On Nov 22 Digital Core REIT which owns a portfolio of data centres filed to go public at an indicative price of 88 US cents per unit. Digital Core REIT DC REIT is the second pure play data centre REIT that is planning to list in Singapore. However some simple analysis shows that the reit comes up very poor in numbers.

Comparing Digital Core REIT against Singapore Data Centre Operators. 202123160H DIGITAL CORE REIT MANAGEMENT PTE. Digital Core REIT sponsored by US-listed Digital Realty Trust is set to raise 600 million in an initial public offering IPO in Singapore the largest listing in the city-state this year the company said in its prospectus on Monday. Is a Singapore PRIVATE COMPANY LIMITED BY SHARES.

Here is a brief overview of the indicative offering details from DC REIT preliminary prospectus. The closest local competitor to Digital Core REIT is Keppel DC REIT and Mapletree Industrial REIT. As shown below Digital Realty will be the largest unitholder of Digital Core REIT with a 390m USD or 394 ownership stake assuming the. Mapletree Industrial REIT technically is an industrial REIT but currently 50 of its assets are in data centres with a large proportion in North America.

The facilities are fully leased to a roster of blue-chip customers each with numerous deployments across Digital. As Digital Core REITs final IPO prospectus is not out yet some details are not available. Okay here are some more of my notes. DIGITAL CORE REIT MANAGEMENT PTE.

This REITs sponsor is Digital Realty a leading data centre developer and operator. Digital Core REIT expects to raise gross proceeds of 977m USD through the issuance of 111 billion units at a price of 088 per unit. DATA Centre-focused Digital Core Reit is seeking a listing on the Singapore Exchange SGX. Digital Core REIT is expected to have a gearing ratio of around 27 below its listed peers in Singapore.

The address is 10 Collyer Quay 42-06 Ocean Financial Centre Singapore 049315. The address of the Businesss registered office is OCEAN FINANCIAL CENTRE 10 COLLYER QUAY Postal 049315 42-06. DIGITAL CORE REIT MANAGEMENT PTE. DIGITAL CORE REIT.

The address of the Companys registered office is at the OCEAN FINANCIAL CENTRE building. Company profile page for Digital Core REIT Management Pte Ltd including stock price company news press releases executives board members and contact information. In light of certain positives that has been pointed out by others this to me looks like a really bad deal. The incorporation date is July 2 2021.

Scheme Number Scheme Name Umbrella Fund Name Scheme Status Scheme Manager. In the event that Digital Realty chooses not to co-invest Digital Core REIT may acquire 100 percent of an asset or invest alongside a third party.

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