Equinix and PGIM to form a joint venture in a $575m deal.

Equinix, the world's digital infrastructure company, and PGIM, the real estate investment and financing arm of Prudential, agreed to form a joint venture to develop and operate two xScale data centers in Sydney, Australia in a $575m deal. "As digital transformation accelerates across all industries, hybrid multicloud is becoming the IT architecture of choice for leading businesses. These companies recognize that digital infrastructure is a source of competitive advantage, and they are leveraging Platform Equinix to directly connect and operate close to the largest cloud companies powering this infrastructure. Our new relationship with PGIM Real Estate follows our successful partnership with GIC and will enable the world's largest hyperscalers to expand within the Equinix ecosystem in Australia," Charles Meyers, Equinix President and CEO.