Digital Core REIT (SGX:DCRU) reached a three-year occupancy agreement with an AI computing developer to occupy the entire remaining capacity of its facility in Toronto, according to a filing with the Singapore Exchange on Monday.
The agreement will be effective in the first quarter of 2025 and will general the REIT around $47 million in annualized rent.
Following the new agreement, the total occupancy of the Toronto facility will increase to 100% from 66%.
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