Data Center News

Equinix and PGIM Real Estate form a $575 Million Joint Venture to Develop Hyperscale Data Centers in Australia

Equinix and PGIM Real Estate have formed a new $575 million joint venture with an aim to develop hyperscale data centers in Sydney, Australia. PGIM is the real estate investment and financing division of Prudential Financial. The facilities the companies will be developing under this JV are...

October 19, 2021

Equinix

Digital Realty makes strategic investment in AtlasEdge

Digital Realty has reached an agreement to make a strategic investment in AtlasEdge Data Centres. The investment will also see Digital Realty’s Executive VP, Strategic & Business Segments, Giuliano Di Vitantonio, join AtlasEdge as CEO, starting January 2022. AtlasEdge delivers smooth, loca...

October 15, 2021

Digital Realty Trust

Sustainable Finance: New way to address the environmental footprint of data centers

Much has been said about how data centers adversely affect the environment. However, more data centers have begun to become 'Greener.' Besides, in order to leave a better environmental footprint, many data center companies are now spending more on green energy. Investors and data center fin...

September 27, 2021

Aligned

Menlo Equities acquires four Digital Realty data centers in Silicon Valley

Menlo Equities has completed the acquisition of four Digital Realty data centers in Silicon Valley. The firm acquired the facilities for a combined $108.8 million. First, it acquired a facility at 4650 Old Ironside Drive in Santa Clara for $35.8 million. The facility has 124,400 square feet...

September 24, 2021

Digital Realty Trust

TierPoint to build new data center in Missouri

TierPoint has announced that it is expanding in Missouri by investing $20 million into building a 23,000 square feet Tier III data center in the St. Louis region. The data center firm already has three facilities in Missouri; two in St. Louis and one in Kansas City. TierPoint has also secur...

September 10, 2021

TierPoint

Lumen pays $275,000 to DoJ for contacting former customers it divested

Lumen Technologies, formerly known as CenturyLink, has agreed to pay $275,000 to resolve a Civil Contempt Claim by the Department of Justice for its acquisition of Level 3 Communications Inc in 2016. The Justice Department accused Lumen (formerly CenturyLink) of violating the terms designed...

September 07, 2021

Lumen Technologies

DataBank announces it has started construction on sixth Salt Lake data center

DataBank has broken ground on its sixth Salt Lake data center, SLC6. The facility will see DataBank increase capacity to meet the increasing demand for mission-critical IT infrastructure in the Salt Lake City and Utah market. The site is located in Bluffdale, between Utah’s Silicon Slopes a...

August 30, 2021

DataBank

Digital Realty files application for data centers in Clondalkin, Ireland

Digital Realty has filed for permission to build data centers in Clondalkin, Ireland. According to Digital Realty’s application, the Company wants 10-year permission to build two data center buildings called DUB15 and DUB16 close to its existing facilities in Clondalkin. These buildings wil...

August 25, 2021

Digital Realty Trust

Equinix files application for data centers in Clondalkin, Ireland

Equinix filed for permission to build a data center in Profile Park, Clondalkin, Ireland. The Company filed for permission to build a three-story data center in July. It is going to call the facility DB8. The facility will be built within a 2.65 hectare of land. The facility will also have ...

August 25, 2021

Equinix

Equinix secures a cheaper, green future

The Australian Competition and Consumer Commission (ACCC) recently granted a group of businesses led by Equinix the right to form a renewable energy purchasing group. This formation will allow the group, which includes Nike, H&M, HSBC Bank, and Goldman Sachs, to negotiate access to cheaper...

August 18, 2021

Equinix

EdgeConneX agrees to acquire Israel's Global Data Center

EdgeConneX will be acquiring Israeli-based Global Data Center (GDC). Global Data Center was founded in 2013, and it operates two data centers in Petah Tikva and Herzliya, near Tel Aviv. The Petah Tikva and Herzliya facilities have 64,600 square feet and 48,400 square feet, respectively. GDC...

August 17, 2021

EdgeConneX

Lumen divests CenturyLink ILEC assets

Lumen Technologies has announced that it is selling its current local exchange carrier (ILEC) business in 20 states for $7.5 billion. The firm will be selling the business to Apollo Funds. Lumen Technologies currently operates the ILEC business under the CenturyLink name, and the business incl...

August 06, 2021

Lumen Technologies

Lumen is selling its Latin American business to Stonepeak for $2.7 billion

Lumen Technologies has announced the sale of its entire Latin American business to Stonepeak Infrastructure Partners. The sale is said to be worth $2.7 billion. Australia’s largest pension fund, AustralianSuper, is also investing funds in the deal with Stonepeak. The current leadership team...

July 28, 2021

Lumen Technologies

DataBank purchases existing building for fifth data center in Denver

DataBank has announced that it has purchased an existing land and building in Denver. The land and building acquired would be DataBank’s home for its fifth data center in Denver. This facility is located at 6961 S. Quentin Street in Centennial, CO. DataBank says the facility will help it me...

July 27, 2021

DataBank

Largest Data Center Funding Deals In Q2 of 2021

The data center industry is a multibillion-dollar industry. According to Gartner, end-user spending on data center infrastructure for 2020 was $188 billion, a 10.3% decrease from 2019’s spending. With these figures, we can reach a consensus that there’s a massive market available for data cent...

July 24, 2021

Switch

Equinix strives to balance expansion with its eco targets

Back in June, Equinix committed to becoming climate-neutral by 2030; however, alongside this pledge, in recent years, it has undergone significant growth. Moreover, its environmental metrics reveal that between 2018-19, the company’s scope 1 and 2 GHG emissions, carbon intensity, and energy ...

July 23, 2021

Equinix

Digital Realty and Brookfield team up to develop data centers in India

Digital Realty has announced that it has entered into a 50/50 joint venture agreement with Brookfield Infrastructure to develop data centers in India. The brand name of the joint venture is BAM Digital Realty.Although precise details around the project are yet to be released, reports indicate...

July 16, 2021

Digital Realty Trust

Digital Realty is meeting green targets according to third annual ESG report

According to its latest ESG report, Digital Realty is meeting its sustainability targets in the push for carbon-neutrality. The company, as part of the Science-Based Target Initiative (SBTi), has committed to reducing its Scope 1 and 2 emissions by 68% and Scope 3 emissions by 24% by 2030. It...

July 16, 2021

Digital Realty Trust

Evoque Data Centers acquires Foghorn Consulting

Evoque Data Center Solutions has completed the acquisitions of Foghorn Consulting, a cloud consulting and engineering services company based in Silicon Valley. Evoque said acquiring Foghorn will help it serve its customers’ cloud needs better. With the acquisition, Evoque has expanded its appl...

July 06, 2021

Csquare

Iron Mountain enters $178 million sale-leaseback deal with Intermediate Capital Group, and would use proceeds to invest in data centers

US Real Estate Investment Company Iron Mountain has announced that it sold five facilities in the greater London area to Intermediate Capital Group (ICG). The sale agreement also included a leaseback deal for the facilities. Iron Mountain will remain in the facilities for an initial 12 year pe...

June 26, 2021

Iron Mountain

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