Stake changes: Digital Core REIT

Digital Core REIT's property at 3015 Winona Avenue, Los Angeles, California, in the U.S. Credit: Digital Core REITDigital Core REIT's property at 3015 Winona Avenue, Los Angeles, California, in the U.S. Credit: Digital Core REIT

Sumitomo Mitsui DS Asset Management Co. (SMDAM) saw its direct interest in Digital Core REIT fall to 5.97 percent from 6.17 percent previously after the disposal of 2,244,400 units in the market at US$0.965357 each, according to a filing to SGX Friday.

SMADM has five shareholders: Sumitomo Mitsui Financial Group with 50.1 percent, Daiwa Securities Group with 23.5 percent, Mitsui Sumitomo Insurance with 15 percent, Sumitomo Life Insurance with 10.4 percent and Sumitomo Mitsui Trust Bank with 1 percent, according to a separate filing to SGX.

Sumitomo Mitsui Financial Group said it is deemed interested in the units held by SMADM, and its deemed interest in the REIT fell to 5.97 percent.

According to a separate filing, ABP Tactical Real Estate Strategy saw its direct interest in Digital Core REIT fall to 6.608 percent from 6.759 percent previously, and APG Asset Management’s direct interest fell to 6.885 percent to 7.041 percent.

That was after the disposal of an aggregate 1,756,900 units in the market at US$0.965 each, the filing said.

The APG Tactical Real Estate Pool is fully controlled and managed by APG Asset Management NV, the filing said. APG Tactical Real Estate Pool, which invests in listed real estate assets, is a collective investment fund between Dutch pension funds.

Stichting Depositary APG Tactical Real Estate Pool as Depositary of APG Tactical Real Estate Pool was one of the cornerstone investors in Digital Core REIT’s IPO.