The company will redeploy funds towards its Singapore and Japan assets. Singapore-listed Digital Core REIT has announced an agreement to sell its interests in three North American data centres to its sponsor, Digital Realty, and reallocate the funds towards assets in Singapore and Japan, debt repayment and unit buybacks. The restructuring is expected to increase Digital Core REIT’s distribution per unit by 4.1% and lower its debt ratio to 36.3% from 39.2%. From these earnings, Digital Core REIT will spend roughly $228.6m (US$176m) to acquire a 2.5% stake in 11 Loyang Close in Singapore for $87m (US$68m) and raise its ownership in Digital Osaka 3 in Japan to 45% for ¥17.6b (US$108m) from 20%. The deal is subject to unitholder approval and standard closing conditions, with completion anticipated before the end of the year.