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NTT Data Sells Data Centres To $17bn Private Investment Giant

over 5 years ago by Lucy Cinder

NTT Data Sells Data Centres To $17bn Private Investment Giant

Data Centre

Data centre services provider NTT Data has sold two US data centre facilities to private investment firm GI Partners which has raised over $17bn in capital through private equity and real estate strategies over the years.

The two facilities are located in Plano, Texas and Quincy, Washington.

The Plano property is an infrastructure-rich corporate headquarters campus. The property has over one million square feet of space, including two data centre facilities that will be leased back to NTT DATA on a long-term basis, leasable office space, and an owned, expandable on-site substation, facilitating market-advantaged power rates and further data center development.

The Quincy property is a data centre facility that will be also leased back to NTT on a long-term basis. The Quincy property, purpose built in 2012, totals approximately 180,000 square feet, with robust, redundant infrastructure including 14 MW of gross utility power.

Mike Armstrong, Director of GI Partners and head of acquisitions for its technology real estate investment programs, said: “We look forward to continuing our relationship with NTT DATA and expanding our data center footprint in the Dallas metroplex, which continues to be a very attractive market with increasingly attractive demand prospects.

“Quincy is unique given the 100% ‘green’ hydroelectric power and emerging profile as a destination for large footprint data center users. Furthermore, because of the lease-back options, NTT DATA will be able to continue using the data centers without changes for their clients.”

These properties add to the technology real estate portfolios owned and managed by GI Partners and its affiliates, which now total 33 properties comprising 8.3 million square feet across 14 different leading markets.

source dataeconomy

Industry: Data Centre News

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