Data Center Investment News — 15/09/2023
CyrusOne Plans Seventh Frankfurt Data Centre
CyrusOne, a leading data centre provider, is set to expand its presence in Frankfurt, Germany, by announcing plans for its seventh data centre in the region.
This expansion demonstrates the company’s commitment to meeting the growing demand for data storage and processing capabilities in one of Europe’s key data hub cities.
The Frankfurt data centre market is highly competitive, and CyrusOne aims to maintain its strong position by investing in state-of-the-art infrastructure and advanced technology to serve the evolving needs of its clients.
AustralianSuper Invests $1.5 Billion in Vantage Data Centres EMEA
AustralianSuper, one of Australia’s largest pension funds, is investing $1.5 billion in Vantage Data Centres’ EMEA (Europe, Middle East, and Africa) operations.
This investment underscores the continued growth and importance of the data centre industry globally. AustralianSuper’s partnership with Vantage Data Centres is expected to accelerate the expansion of high-quality, energy-efficient data centre facilities across the EMEA region, supporting the increasing demand for digital services.
Google Applies to Develop Kansas City Data Centre
Google has submitted an application to develop a new data centre in Kansas City, indicating its commitment to expanding its data infrastructure in the United States.
This proposed data centre will contribute to Google’s network of data facilities, enabling the company to provide enhanced services to its users and meet the growing demands of the digital ecosystem.
The project reflects Google’s ongoing investment in cutting-edge data centre technology and sustainable practices.
University of Minnesota Approves $40M Land Sale to Meta for Data Centre
The University of Minnesota has approved the sale of land to Meta Platforms, Inc. (formerly Facebook) for the construction of a data centre.
This $40 million transaction underscores Meta’s commitment to expanding its data infrastructure to support its metaverse and digital initiatives.
The partnership between the university and Meta is expected to bring economic benefits to the region and strengthen the university’s connection with the technology industry.
Manulife Completes Acquisition of ServerFarm
Manulife Investment Management has successfully completed its acquisition of ServerFarm, a data centre solutions provider. This strategic move enhances Manulife’s presence in the data centre market and reinforces its commitment to supporting the evolving digital landscape.
Manulife Investment Management is the global wealth and assessment management segment of Manulife Financial Corporation.
With this acquisition, Manulife aims to provide innovative data centre services and solutions to meet the growing demands of its clients in an increasingly data-driven world.
NVIDIA Partners with Reliance Jio for 2,000MW of AI Data Centres, Tata for AI Cloud in India
NVIDIA, a global leader in AI and GPU technology, has entered into strategic partnerships with Reliance Jio and Tata Group in India. The collaboration with Reliance Jio aims to establish 2,000MW of AI data centres, catering to the country’s growing demand for high-performance computing and artificial intelligence.
The partnership with Tata Group also focuses on developing an AI cloud platform. These initiatives reflect the significant investments being made to accelerate India’s digital transformation and AI capabilities, leveraging NVIDIA’s expertise in advanced technology solutions.
South Korea Launches $1.1 Billion Data Centre Project Aimed at Dispersing Electricity Usage
South Korea has unveiled a significant $1.1 billion data centre project with the goal of dispersing electricity usage.
The local governments of North Gyeongsang Province and Pohang will also offer subsidies for also support the project. This initiative aims to reduce strain on the national power grid by distributing data centres across the country, thus enhancing energy efficiency and reliability.
By strategically dispersing these data centres, South Korea aims to promote economic growth and innovation while ensuring a stable power supply for its digital infrastructure.
EQT-Backed EdgeConneX Launches 300MW Data Centre Project for Malaysia
EdgeConneX, backed by EQT, is embarking on a substantial 300MW data centre project in Malaysia. This venture reflects the growing demand for data centre services in the region and aims to support Malaysia’s digital transformation efforts.
As one of Asia’s fastest-growing economies, Malaysia is set to continue its rise with significant infrastructure and information technology investments, partly driven by increased digitalisation and the adoption of advanced technologies such as cloud computing and AI.
EdgeConneX’s expertise in high-performance data centres will contribute to the development of state-of-the-art infrastructure, meeting the evolving needs of businesses and bolstering Malaysia’s digital ecosystem.
I Squared Capital-Sponsored Data Centre Launches in Colombia
Colombia welcomes a new data centre supported by I Squared Capital, a prominent infrastructure investment firm.
This investment signals confidence in Colombia’s emerging data centre market and its potential for growth in the digital economy. The new data centre is poised to contribute to the country’s technological advancement and economic development.
The company has 13 core data centers with 26 Megawatts of IT power capacity distributed in Mexico, Colombia, Panama, Guatemala, The Dominican Republic, and Spain.
Digital Realty Lands in Rome with New Data Centre to Break Ground Within Weeks
Digital Realty is expanding its global footprint with the announcement of a new data centre in Rome.
Alessandro Talotta, Managing Director, Digital Realty in Italy, added: “The delivery of a carrier-neutral facility in Rome will help enable the digital transformation strategies of local enterprises and global customers in the region. Our customers will greatly benefit from the facility being highly connected to both terrestrial and subsea cable networks.”
This facility is set to break ground in the coming weeks, showcasing Digital Realty’s commitment to providing world-class data centre solutions. The addition of a data centre in Rome will address the growing demand for data infrastructure in the region, further strengthening Italy’s digital capabilities.
PIMCO Launches European Data Centre Platform, Apto
PIMCO, a leading global investment management firm, has launched Apto, a European data centre platform. This strategic move reflects PIMCO’s recognition of the importance of data centres in today’s digital landscape.
Commenting on the launch, chief executive Poole said: “Apto’s core mission is to enable swift and seamless entry into markets primed to shape future demand in Europe. “Our experienced leadership team, combined with PIMCO’s premier real estate expertise and access to significant capital sets us apart in delivering this capability. Apto is not just a company; it’s a promise to partner with the world’s largest hyperscalers as they build out the next wave of Europe’s fast-growing digital economy.”
Apto is expected to invest in and develop data centre projects across Europe, capitalizing on the increasing demand for digital infrastructure.
Adam Berlew Returns to Equinix 8 Years Later to Drive Global Marketing
Adam Berlew has returned to Equinix, a prominent data centre and colocation provider, after an eight-year absence to lead global marketing efforts.
Prior to that, he was Executive Director of Cloud AI Strategy, Operations and Global Enterprise Demand Marketing at Google, where he also served as an advisory member for Capital G, Alphabet’s independent growth fund.
He has spent the majority of his career working for enterprise technology companies, including Broadcom and Dell, and began his career with Boston Consulting Group, where he focused on market and operations strategy for the technology and telecommunications industries.
His return demonstrates Equinix’s commitment to driving marketing strategies and expanding its competitive data centre industry presence. Berlew’s expertise is expected to contribute to Equinix’s continued growth and success on a global scale.
Newmark Group Launches Global Data Centre and Digital Infrastructure Capital Markets Practice Group
Newmark Group, a global real estate advisory firm, has launched a new practice group dedicated to data centre and digital infrastructure capital markets. In tandem, Newmark has hired Brent Mayo as Executive Managing Director to anchor the practice group. Mayo, based in the New York City headquarters, specialises in capital formation, financings, asset sales and platform advisory.
Mayo said: “Newmark’s demonstrated success across nearly all real estate verticals and asset classes, coupled with its commitment to growing in the digital infrastructure space, created a unique opportunity to serve our clients in a rapidly evolving sector.
This move acknowledges the increasing importance of data centre assets in the real estate market. The new practice group will provide specialized services to clients involved in data centre and digital infrastructure transactions worldwide.
DataVolt to Invest $100M in Data Centre in Bangladesh’s Bangabandhu Hi-Tech City
DataVolt has announced a substantial $100 million investment in a data centre project located in Bangladesh’s Bangabandhu Hi-Tech City.
This investment underscores the growth potential of Bangladesh’s data centre market and its role in supporting the country’s digital transformation.
DataVolt’s project is expected to enhance digital infrastructure and contribute to Bangladesh’s technological advancement.
Colt Data Centre Services (DCS) is expanding its presence in India, a significant move that aligns with the country’s increasing demand for data centre services.
India’s digital demand has soared in recent years. The country’s demand for data centre capacity will reach 1.4GW by 2025 according to the leading real estate consulting companies. Navi Mumbai accounts for 50% of data centre capacity.
This expansion will provide Indian businesses with access to Colt DCS’s global data centre solutions, enhancing their digital capabilities and connectivity options. Colt DCS’s entry into the Indian market is poised to contribute to the country’s digital growth.