Announced
Financials
Tags
hyperscale data
Data Centers and Hosting
Majority
Pending
Single Bidder
Domestic
United States
Acquisition
Private
Friendly
Synopsis
TPG Real Estate, the real estate investment platform of TPG, agreed to acquire a 80% stake in three stabilized hyperscale data centers in Northern Virginia from Digital Realty, a global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, for $1.3bn. "We welcome this partnership with TPG, a highly distinguished investment partner. The completion of this stabilized hyperscale data center joint venture bolsters and diversifies Digital Realty's capital sources with an experienced partner and further enhances the efficiency of our balance sheet. We remain focused on positioning Digital Realty to prudently support our stakeholders' longer term capacity requirements and look forward to executing on the remaining elements of our capital plan for 2023," Greg Wright, Digital Realty Chief Investment Officer.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.