Digital Core REIT (SGX:DCRU) agreed to acquire a 20% interest in Digital Osaka 3 TMK, which holds a data center located in Osaka, Japan, a filing with the Singapore Exchange said on Wednesday.
The agreed value for the 20% interest is 13.0 billion Japanese yen.
The data center comprises 193,535 net rentable square feet of area and has a 100% occupancy.
The acquisition is part of the REIT's strategy to expand its presence in the global data center market.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.