Digital Core REIT (SGX:DCRU) completed the acquisition of a 15.1% stake in a German data center for around $76.6 million, boosting its ownership to 65% of the Frankfurt facility, according to a filing with the Singapore Exchange on Friday.
The acquisition was funded through borrowings from the REIT's multi-currency credit facilities.
The REIT holds the interest in the Frankfurt facility through its subsidiary, Digital CR
Singapore 5 P.
The company first disclosed the plan in September.
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