HM Capital's strategic moves in digital infrastructure

HM Capital (ASX:HMC) is making strategic moves to establish a global digital infrastructure platform named DigiCo. This includes creating the DigiCo Infrastructure Real Estate Investment Trust (REIT) and acquiring Global Switch Australia Holdings Pty Ltd for approximately AUD 1.937 billion. A fully underwritten equity raising of AUD 300 million will support these initiatives.

HM Capital's vision and strategic outlook

HM Capital is making a significant leap into the digital infrastructure sector with the launch of DigiCo. The acquisition of Global Switch Australia, a key data center asset in Sydney, will serve as a cornerstone for this initiative. The planned DigiCo REIT aims to provide investors with exposure to digital infrastructure assets, with a prospectus expected by December 2024. The AUD 300 million equity raising will fund these strategic moves, supported by HMC's strong financial position and experienced management team. HMC's strategy includes expanding its asset base, focusing on hyperscale and enterprise data centers primarily in the U.S. The company looks to position DigiCo REIT as a leader in a high-demand market, capitalizing on trends like AI. With a robust financial strategy, HMC is poised to navigate potential risks and challenges, aiming for significant growth and value creation in the global digital infrastructure sector.

Executive insights on DigiCo's launch

The acquisition of Global Switch Australia and the establishment of DigiCo REIT represent a pivotal moment for HMC as we expand into the digital infrastructure sector. This strategic initiative leverages our expertise in real estate and private equity, positioning us to capitalize on the growing demand for digital infrastructure driven by global trends such as AI.