May 6 (Reuters) – Australia’s DigiCo Infrastructure REIT said on Wednesday it has struck a deal with a North American fund manager to sell its CHI1 data centre facility in Chicago for $750 million.
The divestment represents a near 5% premium to the data centre landlord’s November 2024 acquisition price, the company said.
The sale is set to unlock about A$360 million ($258.52 million) in net cash post asset-level debt repayment, lifting liquidity to roughly A$0.9 billion.
Buoyed by the sale proceeds, DigiCo will explore short‑term enhanced distributions above funds from operations and other options, it said.
The Chicago facility has a capacity of 32 megawatts and is leased to a major hyperscaler customer for 15 years, according to the company’s website.
The deal is expected to close in the first quarter of fiscal year 2027.
($1 = 1.3926 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru; Editing by Sahal Muhammed)
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