Intelligent Data Centres Issue 04 | Page 7

NEWS The data centre industry moves into a new phase of heavy investment illions of dollars are being invested in data centres on a monthly basis, attracting a larger and more diverse set of investors. Global investors, financiers and analysts will meet this year at the Finvest Summit in Monaco to assess market outlook and sentiment for the vibrant data centre, cloud and Edge sector. B The Finvest Summit is presented by BroadGroup’s Data Economy, a leading international technology business news and opinion website, magazine and broadcaster and will take place on June 5, 2019 to run alongside the annual Datacloud Global Congress in Monaco. João Marques Lima, Founder and Editor-in-Chief, Data Economy, said: “Over US$10 billion have already been disclosed, as having been spent on M&A business and facility acquisitions, possibly driving 2019 to break all M&A records in the data centre space. Finvest uniquely offers for the first time a global forum for investors to debate the risk and rewards in this rapidly expanding sector.” With the heritage of a decade of producing the finance and investment forum, the inaugural summit is the first time global executives in financial, legal, real estate and professional advisory firms have met globally with a stellar academy of expert speakers to assess the risks and rewards in the rapidly expanding IT infrastructure sector. Speakers include investors, private equity, hedge funds, pension funds, property specialists and bankers, as well as the IT infrastructure leadership of data centre businesses. QTS expands international platform with the strategic acquisition of two data centres in the Netherlands TS Realty Trust, a leading provider of software- defined and mega scale data centre solutions, has announced as part of its global growth strategy, the expansion of its operations internationally with the acquisition of two operating data centres in the Netherlands. O QTS acquired the two data centre assets, totalling approximately 30 gross megawatts currently built out, from TCN SIG Telehousing B.V for approximately US$44 million, including closing costs. QTS currently anticipates approximately US$15 million of additional capital investments required for recommissioning of the two facilities. This additional investment, in addition to the initial purchase price, represents an upfront cost per megawatt of approximately US$2 million, which is materially below the average cost to build in the Netherlands market. “The data centre industry has increasingly become a global business, particularly among our target hyperscale customers. The European market, in particular, has experienced a significant rise in demand, with 2018 representing a record www.intelligentdatacentres.com year of absorption across the four largest European markets,” said Chad Williams, Chairman and CEO – QTS. “This acquisition advances our global expansion strategy and provides a platform for future growth internationally at a significantly de-risked entry point. Acquiring strategically located facilities at a competitive price aligns with our overall growth strategy and has clear long-term benefits for our customers and shareholders.” The two data centres are located in Groningen and Eemshaven, which are located north east of Amsterdam. Issue 04 7