PURE-PLAY data centre real estate investment trust (Reit) Digital Core Reit announced on Thursday (Sep 22) the proposed acquisitions of core data centres that could lift its portfolio value to as much as US$2 billion.

The proposed acquisitions will be Digital Core Reit’s first since its initial public offering (IPO) in December 2021, and will represent a 43 per cent increase in value from its IPO portfolio, which had a total appraised valuation of US$1.4 billion.

“We’re very excited to be delivering on our long-awaited first transaction and execute on our external growth strategy,” said John Stewart, chief executive of Digital Core Reit’s manager, at a press briefing following the announcement.