US investment firm Cohen & Steers Capital Management has increased its stake in Singapore-listed data centre REIT, Digital Core REIT.

The stake increase came ahead of a private placement exercise, which saw the REIT raising some USD120 million.

Digital Core REIT is a Singapore Exchange (SGX)-listed REIT with a portfolio of 11 data centres across North America, Frankfurt and Osaka.

Related: Digital Core REIT prices placement units at top end to raise USD120 million

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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.