Ares Acquires Land and Data Centers in Virginia

Alternative investment manager Ares Management Corporation has expanded its data center platform Ada Infrastructure into the US, acquiring land in Virginia for a new campus.

The Ares Digital Infrastructure business, through an Ares fund, has acquired a 314-acre site along the I-95 South data center corridor in Spotsylvania County, Virginia. The site is expected to be developed and operated by Ada Infrastructure. The first phase of development is expected to comprise two data center buildings totaling 200MW of IT load capacity.

“We are excited to further expand our digital infrastructure presence in the US through these recent acquisitions in one of the world’s largest data center markets,” said Michael Steele, head of Ares Digital Infrastructure. “Our site acquisition in Spotsylvania County advances the global positioning of Ada Infrastructure through a project in a supply-constrained tier one market that continues to see accelerating demand from hyperscale customers. These acquisitions leverage our differentiated platform capabilities as we aim to deliver near-term capacity to our customers, value to local communities, and opportunities to our investors.”