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Digico Infrastructure REIT ( (AU:DGT) ) just unveiled an announcement.
DigiCo Infrastructure REIT has secured State Significant Development approval from the New South Wales Department of Planning, Housing and Infrastructure for the expansion of its SYD1 data centre in Ultimo, a key step in its program to densify and optimise the facility’s capacity to 88MW. Management highlighted that upgrade works are progressing well and positioned SYD1 as one of Australia’s most strategic and highly interconnected data centre assets, supporting strong tenant demand and reinforcing DigiCo’s growth trajectory in the digital infrastructure sector.
The most recent analyst rating on (AU:DGT) stock is a Buy with a A$4.20 price target. To see the full list of analyst forecasts on Digico Infrastructure REIT stock, see the AU:DGT Stock Forecast page.
More about Digico Infrastructure REIT
DigiCo Infrastructure REIT (ASX: DGT) is a diversified real estate investment trust that owns, operates and develops data centres, with a global portfolio spanning key Australian and North American markets. Its assets cover stabilised, value‑add and development opportunities, comprising 13 data centres with 232MW of planned IT capacity, including 76MW of installed capacity and a 156MW development pipeline.
Average Trading Volume: 2,364,620
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.53B
For an in-depth examination of DGT stock, go to TipRanks’ Overview page.