HMC Capital plans a $4 billion data center trust, acquiring iseek to expand its Australian presence.

HMC Capital, led by David Di Pilla, plans to launch a $4 billion data center investment trust on the Australian stock exchange by year-end. A key step in this plan is the $400 million acquisition of iseek, an Australian data center operator. This acquisition, along with a previous $1.9 billion deal for Global Switch Australia, will form the core of DigiCo Infrastructure REIT, which will own 13 advanced data centers in Australia and North America. The trend of real estate investors buying data center assets is fueled by the growing demand for cloud computing and AI.

November 11, 2024
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