A property of Digital Core REIT (Digital Realty Trust)A property of Digital Core REIT (Digital Realty Trust)

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

Known as the Digital Core REIT, it will be the second data centre-focused REIT to list on the Singapore Exchange (SGX) after Keppel DC REIT made its debut in 2014.

According to a preliminary prospectus filed with the Monetary Authority of Singapore (MAS) on 22 November, Digital Core REIT will have an initial portfolio of 10 data centres across North America valued at USD1.4 billion.

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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.