DGT - DigiCo Infrastructure REIT

[System]

DigiCo REIT will be a diversified owner, operator and developer of data centres, with a global portfolio and broad investment mandate across Stabilised, Value-add and Development opportunities.

DigiCo REIT’s Aggregate Portfolio will target a range of data centre business models including:

• Own: ownership of data centres properties with Core and Shell contracting structures, leased predominantly to Hyperscale Customers and Enterprise Customers;
• Operate: ownership, operation and management of Co-location data centre properties; and
• Develop: greenfield and brownfield development of new data centre properties across different business models.

On Completion, and assuming the SYD Acquisition closes on Completion, DigiCo REIT’s Aggregate Portfolio is expected to consist of 13 Properties across key Australian and North American markets with an Acquisition Price of $3,956 million and Contracted IT Capacity of 67MW.

The Aggregate Portfolio is expected to comprise several high-quality assets, including:

• a premier Co-location Data Centre located in the densely connected Sydney CBD, with a well diversified, global tenant base and with Contracted IT Capacity of 20MW;
• a brand new turnkey data centre in a tier 1 North American market leased to a leading global Hyperscale Customer with Contracted IT Capacity of 32MW;
• two highly strategic Enterprise Data Centres with combined Contracted IT Capacity of 12MW leased to a high investment grade North American financial institution;
• a diversified portfolio of six Australian Co-location Data Centres with Contracted IT Capacity of 3.2MW;
• a development site in Brisbane estimated to deliver approximately 20MW of capacity expected to complete construction in 2027; and
• two development assets in North America supporting a 72MW Hyperscale Data Centre expected to commence construction in 2025.

It is anticipated that DGT will list on the ASX during December 2024.

https://www.hmccapital.com.au/insig...gital-infrastructure-reit-asxdgt-digico-reit/

 

[Dona Ferentes]

$2Bill IPO
- and a few intermediaries wishing good speed and where's my cut.

Listing date	12 December 2024 ; 12:00 PM AEDT ##
Contact details	https://www.hmccapital.com.au/ Ph: 1300 466 326
Principal Activities	Owning and managing a portfolio of digital infrastructure assets.
Issue Price	AUD 5.00
Issue Type	Fully Paid Ordinary Stapled Securities
Security code	DGT
Capital to be Raised	$1,995,000,000
Expected offer close date	06 November 2024
Underwriter	Macquarie Capital (Australia) Limited, J.P. Morgan Securities Australia Limited, UBS Securities Australia Limited, Goldman Sachs Australia Pty Ltd (Joint Underwriter/Lead Manager). Morgans Corporate Limited, Ord Minnett Limited (Joint Lead Manager). National Australia Bank Limited, Commonwealth Securities Limited, Wilsons Corporate Finance Limited, Bell Potter Securities Limited, E&P Capital Pty Limited (Co-Lead Manager). Canaccord Genuity (Australia) Limited, Shaw and Partners Limited (Co-Manager).

 

[Dona Ferentes]

listing today, @ 1200

A ChatGPT query requires 10 times the power needed for a Google search, David di Pilla explains, citing data from Blackstone. Generating an AI image needs 50 times the power for a Google search. Creating an AI video needs 10,000 times the power of a Google search.

“So as the power demands keep going up, and as the processing capacity keeps going up, the demand for these data centre assets keeps moving up the whole time."

“To be a natural owner of these assets, to bring that to the market here at a moment in time, I think is why we got such a strong reaction to this IPO.”

 

[Dona Ferentes]

half an hour in ::::>

 

[Dona Ferentes]

and , after having slept off the champagne,

"I have seen the future, and, unluckily for some, their share is worth less today"

 

[Garpal Gumnut]

@Dona Ferentes This is quite a complicated little beast with more ifs than butts.

gg

 

[Dona Ferentes]

@Dona Ferentes This is quite a complicated little beast with more ifs than butts.

gg

lots of expectations, and no stag. So, on to the next big thing?

One view that resonated with me was from an analyst with a strongly bullish view on data centres due to their connection to AI: he said

DigiCo’s exposure to the big US market was a key positive, but its platform was “very minute” compared with giants such as Digital Realty and Equinix.

...A big platform was needed to service the needs of the big hyperscalers, which did not want to partner with multiple landlords.

“DigiCo was priced on similar earnings multiples to Digital Realty and Equinix without the portfolio,” he said. “Data centres is a theme which gets everyone excited. Our view is you have got to play big and play in the hyperscale space,”

 

[Garpal Gumnut]

@Dona Ferentes . I did plough through some of the prospectus and it did appear underweight over many sites in MW compared to some in the US and many of the property acquisitions are not finalised.

gg