Published in Australia

HMC Capital launches DigiCo REIT

Nov 26, 2024 | Posted by Abdul-Rahman Oladimeji

Australia’s HMC Capital has launched its new digital infrastructure investment vehicle, having raised AU$153 million ($100m) more than anticipated in its initial public offering (IPO), and says it is in talks to buy three additional hyperscale data centers in the US.

David Di Pilla, HMC Capital’s managing director and CEO, said: “The establishment of the DigiCo REIT represents another landmark transaction by HMC and demonstrates our ability to build scalable growth platforms via large-scale transactions.”

The company’s pipeline is set to grow, with HMC announcing that it has agreed deals for the acquisition of 3 North American enterprise and hyperscale data centers for AU$2.29 billion ($1.5bn), which will give DigiCo REIT’s portfolio an AU$6.1 billion ($4bn) valuation.

There are 254 data centers in Australia.

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