Digital Core REIT asset, 2401 Walsh Avenue, Silicon Valley. (Photo: Digital Core REIT)

Applications for the Singapore public tranche of Digital Core REIT’s initial public offering (IPO) opens on 29 November at 9 pm.

The IPO has been priced in the local currency at SGD1.21 per unit based on the exchange rate of USD1.00 to SGD1.375 as determined by Digital Core REIT’s manager.

As reported by REITsWeek on 22 November, Digital Core REIT has filed a preliminary prospectus with the Monetary Authority of Singapore (MAS) to list a pure-play data centre REIT in-country.

Related: Digital Core REIT projects yield of 4.75% in 2022 for Singapore IPO listing

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.