Digico Infrastructure REIT Pulls Monterey Park Data Center Plans After Council Signals Doubts

MT Newswires Live

04/07

Digico Infrastructure REIT (ASX:DGT) withdrew its LAX1 data center proposal in Monterey Park after the City Council signaled that approval for the project was unlikely, according to a Tuesday filing with the Australian bourse.

The company holds the LAX1 and LAX2 assets at a book value of $71 million and remains confident in its ability to realize value from them, the filing added.

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