HMC Capital today announces the establishment of a new ASX-listed Digital Infrastructure REIT (ASX:DGT) (DigiCo REIT)
HMC Capital (ASX:HMC) today announces the establishment of a new ASX-listed Digital Infrastructure REIT (ASX:DGT) (DigiCo REIT) which will have an enterprise value of $4.3bn of data centre assets in Australia and the United States.
Upon listing, HMC’s AUM will increase to approximately $17.5bn representing +73% growth in CY24. The fully underwritten IPO will have a $2.746bn market capitalisation and will significantly increase HMC’s recurring funds management revenue base and deliver material transaction revenues in FY25.
Key highlights include:
- HMC will own $500m of DigiCo REIT on completion (~18% of total issued capital)
- IPO upsized by $100m to $2.746bn following significant demand from institutional cornerstone and retail investors
- $4bn portfolio with a significant development pipeline in Australia and the United States
- Portfolio seeded with $2.5bn of strategic operating assets in Australia through the acquisitions of Global Switch Australia and iSeek
- HMC and DigiCo REIT have entered into agreements for the acquisition of 3 North American enterprise and hyperscale data centres for $1.5bn
- HMC’s global digital infrastructure platform will be supported by over 100 dedicated professionals and a highly experienced senior management team
HMC Managing Director and CEO, David Di Pilla, said “The establishment of the DigiCo REIT represents another landmark transaction by HMC and demonstrates our ability to build scalable growth platforms via large scale transactions.“
To visit the investor centre or view the DigiCo REIT Prospectus and Product Disclosure Statement, click here.
Disclaimer:
Past performance should not be taken as an indicator of future performance. This general information does not take into account your investment objectives, financial situation or needs.
