HMC Capital (ASX:HMC) has acknowledged recent media reports regarding its potential acquisition of data centre assets.
HMC stated that it is currently engaged in due diligence procedures, assessing the possibility of acquiring several data centre assets, including Global Switch Australia.
The company emphasised that discussions with the relevant vendors are ongoing.
It highlighted the nature of these talks as "confidential, conditional and non-binding," indicating that no definitive agreements have been reached thus far.
HMC assured stakeholders of its commitment to transparency, stating it "will disclose any material developments in relation to these potential acquisitions" in keeping with its continuous disclosure obligations.
Although HMC is actively pursuing these opportunities, it cautioned there is no certainty of successful transactions.
They remarked, "There is no assurance any such transaction will be agreed (or, if agreed, that they will be completed)."
HMC Capital is a diversified alternative asset manager focused on real estate, private equity, energy transition and digital infrastructure. Its segments include real estate and private equity.
Its real estate segment includes its HMC Capital managed HomeCo Daily Needs REIT, HealthCo Healthcare and Wellness REIT, HMC Wholesale Healthcare Fund and the Last Mile Logistics Fund.