QuadReal Property Mulling $1 Billion USD Investment in T5 Data Centers
VANCOUVER, BC — Bloomberg is reporting that QuadReal Property is in advanced talks to infuse T5 Data Centers with $1 Billion USD. Not surprisingly, the investment, if it happens, will be meant to buy and build new data centers. Both parties are mum on details and the deal is reportedly not yet a sure thing.
Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. The company’s $27.4 billion portfolio spans 23 Global Cities across 17 countries. QuadReal was established to manage the real estate program of British Columbia Investment Management Corporation, one of Canada’s largest asset managers with a $145.6 billion portfolio. QuadReal aims to deliver prudent growth and strong investment returns, and to create and sustain environments that bring value to the people and communities it serves.
T5 Data Centers owns and operates enterprise and wholesale data centers for data center users in North America. The company offers project development and data hall interior construction services; and sale lease-back solutions for end users seeking to monetize their currently owned data center, as well as analyzes and provides financial solutions. It builds and operates commissioned data centers for lease under the wholesale model; and develops data center powered shell buildings for lease. T5 Data Centers, LLC was founded in 2007 and is based in Atlanta, Georgia. It has wholesale data centers in Atlanta, Georgia; Los Angeles and El Segundo, California; Dallas, Texas; Kings Mountain, North Carolina; Chicago, Illinois; and Westchester county, New York.
Last week, T5 announced that T5 Facilities Management (T5FM), a division of T5 Data Centers, had a banner year in 2018, adding 11 data centers in eight U.S. markets to their customer portfolio. As part of its 2018 success, T5FM expanded its team by 20 percent. In a job market where experienced IT staff is difficult to find, T5FM continues to attract top talent. Unlike other, more diversified competitors, T5FM is dedicated solely to data center operations management, so T5FM staff have an opportunity to hone their data center expertise in order to advance within the company.
“We have seen continued growth over the past five years as leaders in various vertical markets continue to come to us looking for best-of-breed data center management services,” said Aaron Wangenheim, COO T5 Data Centers in a press release summarizing the 2018 success. “We continue to prove our capabilities in the way we manage T5’s data centers, which have a track record for reliability unsurpassed in the industry. We also received the Uptime Institute’s Continuous Uptime Award for uninterrupted service for T5’s data centers. That’s why respected market leaders continue to seek out T5FM for top tier support services.”