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Digital Realty develops and operates a global cloud- and carrier-neutral data center platform for colocation, interconnection, hyperscale deployments and enterprise data infrastructure. Company updates commonly cover PlatformDIGITAL, Pervasive Datacenter Architecture, data-center capacity, customer connectivity, operating workforce development and the infrastructure needs tied to cloud, AI and data-intensive applications.
Recurring news themes also include financial results, capital-structure activity, private-capital funding for hyperscale data centers, strategic fund management, and geographic expansion across major data-center markets. Recent company announcements have addressed U.S. hyperscale data center funding and new or expanded market presence in Southern Europe and the Mediterranean region.
Digital Realty has officially opened its first data center in South Korea, named Digital Seoul 1 (ICN10), marking a significant expansion in the region. Located in Sangam Digital Media City, the facility spans 22,000 square feet and features 12 megawatts of IT capacity. As a carrier-neutral data center, ICN10 connects enterprises to local exchange carriers and enhances the digital ecosystem through PlatformDIGITAL®. The South Korean data center market is projected to grow at a CAGR of 7.72% from 2021 to 2026, driven by increased demand for AI and cloud services.
Digital Realty (NYSE: DLR) announced it will release its fourth quarter 2021 financial results after the market closes on February 17, 2022. A conference call is scheduled for 5:30 p.m. ET to discuss these results. Investors can join by dialing the provided numbers and referencing conference ID #6195647. A live webcast will also be accessible on the company's investor website. Replays of the call will be available until March 17, 2022.
Digital Realty (NYSE: DLR) announced the pricing of €750,000,000 of 1.375% Guaranteed Notes due 2032. The notes will be unsecured and fully guaranteed by Digital Realty and its operating partnership. Interest payments will occur annually, starting January 18, 2022, with maturity set for July 18, 2032. Proceeds will be used to repay borrowings, acquire properties, and fund development opportunities, among other corporate purposes. The offering relies on Regulation S and will not be available in the U.S.
Digital Realty (NYSE: DLR) announced plans to redeem all outstanding 4.750% Notes due 2025. The total principal amount outstanding is $450 million. The redemption will occur on February 3, 2022, at par plus a make-whole premium and accrued interest. This action follows the terms set in the indenture from October 1, 2015. Computershare Trust Company acts as the trustee and paying agent for the notes. Digital Realty serves a global market with over 280 facilities in 25 countries, supporting data center solutions for enterprises and service providers.
Digital Realty has signed an agreement to acquire the majority stakes in Teraco Data Environments, Africa's largest carrier-neutral data center provider, from Berkshire Partners and Permira. Both firms will retain minority ownership in Teraco, which operates seven state-of-the-art facilities across Johannesburg, Cape Town, and Durban. The transaction, subject to South African regulatory approval, is expected to close in the first half of 2022. This acquisition positions Digital Realty to enhance its presence in the fast-growing Sub-Saharan African data center market.
Digital Realty (DLR) has announced a definitive agreement to acquire a majority stake in Teraco, Africa's premier colocation provider, for approximately $3.5 billion. This acquisition positions Digital Realty as the leading colocation provider in Africa, enhancing its interconnection capabilities across key South African metros. Teraco has over 600 customers, enabling around 22,000 interconnections and access to multiple subsea cables. The deal, expected to close in H1 2022, will be financed through capital recycling and is projected to be 1% dilutive to DLR's core FFO per share in 2022, breakeven by 2023.
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Digital Realty (NYSE: DLR) announced the successful listing of Digital Core REIT on the Singapore Exchange, contributing a 90% interest in a $1.4 billion portfolio of data centers in the U.S. and Canada. The IPO portfolio is fully leased to major clients with an average lease term exceeding six years. Digital Realty aims to leverage this new vehicle as a perpetual capital partner and expand its operational capabilities. The initial market capitalization of Digital Core REIT is approximately $990 million, with net proceeds to be used for debt repayment and future investments.
Strategic Capital Fund Management announces that its Head of Data Center real estate, Bryan Marsh, has been recognized for the seventh consecutive year as a leading business figure in North Texas by D CEO's Dallas 500. This prestigious list highlights influential leaders across various industries, showcasing their role in driving the local economy. Marsh brings nearly 40 years of experience, previously managing 8 million square feet of data center assets valued at approximately $5 billion. He currently leads a $1.5 billion data center investment platform.
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