T5 Data Centers and QuadReal set to launch US$2.5bn data centre development platform
Leading computer environment developer T5 Data Centers and real estate investor QuadReal Propety Group have announced their intention to launch a co-developed platform for the development, acquisition and management of data centres.
The platform will be capitalised to develop and acquire over US$2.5bn state-of-the-art data centre facilities, striving to meet the exponentially-increasing demands of enterprise and hyperscale clients worldwide.
T5 will provide its more than 10 years’ experience in the development of customisable data centres with the weight and scalability of QuadReal’s property-related capabilities.
“The data center market continues to experience very strong growth, driven by the accelerating digitalization of information,” said Jameson Weber, Head of Special Situations for QuadReal, in the firms’ joint press release.
“This strategic investment puts us in a very unique position to participate in this growing market alongside a trusted company with a proven track record in data center development, construction, and management.
“T5 Data Centers is the logical partner to help us build a long-term business in tech-related real estate while ensuring our users receive the highest levels of service and security for their mission-critical data.”
Pete Marin, CEO of T5 Data Centers, added:
“Our alliance with QuadReal is a game-changer for current and future customers in the enterprise and hyperscale markets, allowing us to build the world’s most advanced and customized data center facilities faster and at scale in strategic markets in North America and beyond.
“This is the first step in our next decade of strategic growth, market leadership, and best-in-class customer service.”