NEWS
TA Realty signs 430MW lease at data centre campus in Loudoun County , VA
NEWS
A Realty , a provider of real estate investment management
T services , has announced that it has signed a 430MW build-to-suit lease agreement for its entire data centre campus in Loudoun County , Virginia , with a premier global cloud services provider .
The agreement includes leases across five buildings , making up the entire 1.9 million square foot project .
TA Realty ’ s development site – situated on the east side of Sycolin Road and is bound by Cochran Mill Road to the north and Energy Park Drive to the south in Leesburg , VA – is strategically positioned atop major fibre routes and alongside transmission lines . existing substation that provides power to another data centre facility .
Loudoun County is home to the largest concentration of data centres in the world and , once complete , TA Realty ’ s campus will be among the largest and most modern campuses in the area .
TA Realty expects to commence construction of the site ’ s first building in late 2023 . The tenant selected TA Realty ’ s data centre campus due to its scale , power advantages and location near the heart of Data Center Alley . Construction on the secure campus is expected to be completed in 2027 .
In addition to access to diverse fibre connections , the location is ideal for data centre development due to an adjacent power plant , logistics facility and an
Vantage Data Centers completes € 2.5 billion partnership with investor consortium to accelerate growth in EMEA
antage Data Centers , a leading global provider of hyperscale data centre campuses , and a consortium
V of investors led by MEAG and Infranity , along with funds affiliated with the investment management platform of DigitalBridge Group , ( together the ‘ Investor Consortium ’), have completed a previously announced investment partnership in certain Vantage European data centre assets .
The investment partnership initially consists of six stabilised data centres in strategic locations across Europe and is valued at approximately € 2.5 billion ( approximately US $ 2.7 billion ), including Vantage ’ s stake . The data centres span more than 1.8 million gross square feet and 177MW of IT capacity and are located in key strategic markets .
Vantage ’ s management team , led by President and CEO , Sureel Choksi , will continue to manage and operate these assets as part of its global data centre portfolio . The additional capital raised from the Investor Consortium will be used to support the continued growth of Vantage ’ s EMEA data centre platform .
“ This investment partnership provides Vantage with multiple partners with deep expertise in digital infrastructure ,” said Choksi . “ This transaction provides Vantage with additional capital to continue our expansion in new and existing markets across EMEA , capitalising on the extraordinary growth opportunities , driving innovation and delivering state-of-the-art sustainable data centres for our customers .”
Dominik Damaschke , Head of Infrastructure Equity , MEAG , added : “ Data centres are the backbone of the increasing digitisation of the economy and we are proud to invest in a portfolio of top-tier hyperscale data centres in Europe . The investment is another milestone in MEAG ’ s strategic expansion into digital infrastructure .”
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