HMC Capital unveils new venture

HMC Capital (ASX:HMC) has announced the creation of DigiCo REIT, a digital infrastructure Real Estate Investment Trust. The new REIT, listed asDGT, boasts an enterprise value of $4.3 billion and includes data center assets in Australia and the USA. The IPO is fully underwritten with a market capitalization of $2.746 billion after being upsized due to strong investor demand.

Overview and future outlook of DigiCo REIT

HMC Capital has unveiled DigiCo REIT, a digital infrastructure-focused REIT valued at $4.3 billion. This move is part of HMC's strategy to expand its presence in the data center sector. The REIT includes a diverse portfolio of data center assets in Australia and the US. The IPO, upsized due to investor demand, increases HMC’s AUM to $17.5 billion, indicating a significant growth trajectory for 2024. HMC owns 18% of DigiCo REIT, aligning with their goal to build scalable growth platforms and capture the expanding market for digital infrastructure.

Executive insights on DigiCo REIT

This is a landmark transaction for HMC Capital and aligns with our strategy to establish scalable growth platforms. We are excited about DigiCo REIT's potential to capture the growing demand for data centers,' said David Di Pilla, Managing Director and CEO of HMC. 'DigiCo REIT is positioned to deliver stable distributions and long-term growth, while also making a positive environmental and social impact,' added Joseph Carrozzi AM, Chair of DigiCo Infrastructure REIT.