CAPRE Digital Infrastructure Weekly Roundup: Colony Capital Boosts Vantage, Facebook to Invest $800 Million in Dekalb, IL
Vantage Data Centers Forms Strategic Partnership with Colony Capital to Advance Data Center Growth: Vantage Data Centers and an investor group led by Colony Capital have entered into a definitive agreement to form a strategic partnership valued at $3.5 Billion USD to accelerate the expansion of Vantage’s best-in-class, wholesale data centers throughout North America and Europe. The Colony-led investor group will invest $1.2 Billion USD in Vantage’s diversified portfolio, including 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity across key strategic markets in Santa Clara, California; Quincy, Washington; Montréal and Québec City, Canada. Vantage’s management team, led by Sureel Choksi, President and CEO, will continue to manage and operate these assets as part of its global data center footprint. The capital provided by this transaction will support Vantage’s strategy to expand and enhance its global footprint. The strategic partnership also marks a significant milestone in Colony’s ongoing digital transformation, with $200 Million USD of the investment coming from Colony’s balance sheet. AWS Has Major Plans for Loudoun County, Project: Amazon Web Services is proposing a data center project to be located over 100 acres in the town of Chantilly, VA. The 4,360,000 square foot parcel is just south of Dulles International Airport. The web giant paid $73 Million USD for the piece of land in late 2019 from H&M Gudelsky Asset Management, LLC, who had been planning for…
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