Cyxtera Frankfurt FR6 Data Center News

Cyxtera and Evoque to rebrand under new Centersquare moniker

US data center firms Cyxtera and Evoque are rebranding under the new Centersquare moniker. Cyxtera was acquired by Brookfield last year and is being combined with the investment firm’s other data center company, Evoque.Mullee said: “The birth of Centersquare is more than a name change. It’s a...

April 02, 2024

Abdul-Rahman Oladimeji

Cyxtera Technologies

Court approves Cyxtera sale to Brookfield

The US Bankruptcy Court for the District of New Jersey this week approved the sale of substantially all of the Cyxtera assets to Brookfield Infrastructure Partners for $775 million. Both companies expect this deal to be finalized by the first quarter of 2024. Nelson Fonseca, Cyxtera CEO said, ...

November 18, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera property sought after by Brookfield and Digital Realty

Reportedly, Brookfield and Digital Realty are interested in acquiring the struggling Cyxtera. According to Bloomberg, several parties, including Brookfield Infrastructure Partners and Digital Realty Trust, are interested in purchasing the assets of the insolvent colocation company. The firms r...

August 16, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera files plan of reorganization with bankruptcy court

Cyxtera has submitted a reorganization plan to the US Bankruptcy Court for the District of New Jersey. Lenders with over two-thirds of the company's outstanding first-lien debt support the proposal.The proposal would get rid of more than $950 million in pre-filing debt for Cyxtera. In either a...

August 11, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera refuses leases at two data centers in Silicon Valley owned by Prime

Cyxtera plans to decline leases for two data centers held by Prime DC in Santa Clara, California. In June, Cyxtera filed for Chapter 11 bankruptcy due to continuing losses and upcoming debt maturities. The organization is seeking a buyer or new investor. According to DgtlInfra, Cyxtera intends...

August 01, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera decids not to lease data center owned by Stack in Elk Grove, Illinois

Due to ongoing losses and impending debt maturities, struggling Cyxtera issued a Chapter 11 bankruptcy claim last month. The company is seeking a buyer or potential investor. As part of the procedure, the company turned down the lease at the Stack-owned facility on Touhy Avenue in the Elk Grov...

July 04, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Six letters of intent to acquire the business delivered to Cyxtera

Data center company Cyxtera is being seriously considered for acquisition by at least six parties. This month, struggling Cyxtera filed for Chapter 11 bankruptcy due to continuous losses and impending debt maturities. The organization is seeking a buyer or new investor. The company has contact...

June 19, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Data center colo provider Cyxtera declares bankruptcy

The US colocation provider Cyxtera has declared bankruptcy. Cyxtera began a pre-arranged court-supervised procedure under Chapter 11 of the United States Bankruptcy Code following the Restructuring Support Agreement (RSA) originally made with certain lenders. Cyxtera stated that it intends to ...

June 07, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera Receives $50m Lifeline, Satisfies Debts, And Must Sell or Raise Capital

A shaky US colocation provider has settled its debts with creditors. The business must find a buyer or investor to continue funding or go bankrupt and cede control to its owners. The company obtained $50 million in new funding from lenders holding over two-thirds of its existing term loan to s...

May 05, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera, Dell Technologies Accelerate Client Operations with On-Demand Infrastructure Services

To assist clients with infrastructure deployment more swiftly, Cyxtera and Dell Technologies have collaborated. Dell's infrastructure will be delivered by Cyxtera, a supplier of data center colocation and interconnection services, and its colocation and network technologies. The companies w...

March 02, 2023

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera’s Conversion to REIT Status Pushed To 2024

Cyxtera has announced that it will be pushing its intention to become a real estate investment trust (REIT) back to a later date. Earlier in September, the colocation firm announced its plan to adopt a REIT status for tax purposes. The initial plan was to complete the conversion by 1st Janu...

November 21, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Mainova Ventures into Data Centers With 30MW Facility in Frankfurt

German energy company Mainova is moving into the data center business. The company broke ground on the new facility in Frankfurt, Germany. Mainova WebHouse, a subsidiary of the energy company, announced that a groundbreaking ceremony for the facility took place earlier in the month. The new...

October 27, 2022

Abdul-Rahman Oladimeji

Frankfurt

Cyxtera To Adopt REIT Status

Cyxtera has announced that it is adopting a real estate investment trust (REIT) status. This move provides better tax status while making steady and consistent dividends available for its shareholders. However, the company needs to make most of its revenue from income-producing real estate. Th...

September 28, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Frankfurt: Plans for environmental data center zoning updated

Frankfurt recently announced an updated plan for commercial developments in the city, which will place a limitation on cloud and colocation data center buildings. This comes as a response to concerns around their land and energy usage. Alongside this announcement, the city also outlined its in...

August 08, 2022

Frankfurt

Alibaba Opens Data Center in Frankfurt, Germany

Alibaba has announced that it opened a data center in Frankfurt, Germany. The new data center is the company’s third facility in the country. According to the company, the new data center will help support the increasing needs for digital transformation from customers across the European conti...

May 17, 2022

Abdul-Rahman Oladimeji

Frankfurt

American Realty Advisors Buys Property Housing Two Cyxtera-Occupied Facilities in Virginia

American Realty Advisors has completed the acquisition of two data centers in Loudoun County currently occupied by Cyxtera. An affiliate of American Realty Advisors known as ACPF Nova Data Center LLC paid $51 million to acquire a 12-acre site that holds two single-story data centers. One of...

April 15, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Cyxtera Mulling Over Sale

According to Bloomberg, Cyxtera Technologies is mulling over a sale just a year after it went public. The report shows that the company is looking into different strategic options, which also include a potential sale. Cyxtera is also working with advisers to consider the best choice for the...

April 08, 2022

Abdul-Rahman Oladimeji

Cyxtera Technologies

Going green: Cyxtera selects NextEra Energy Resources for renewable energy

Cyxtera is joining the industry-wide push for a carbon-neutral future with the announcement of its selection of NextEra Energy Resources to supply its renewable energy. As part of this partnership, NextEra will also “advise, support, and accelerate” Cyxtera’s efforts to increase its use of re...

July 22, 2021

Cyxtera Technologies

Cyxtera Technologies expands in Silicon Valley and Chicago

Cyxtera has announced that it is expanding its data center data footprint in Silicon Valley and Chicago. This includes the leasing of a 9MW data center based in Santa Clara, which offers 121,000 sq ft across four floors. In addition to this, the company is also adding around 1.6 MW of capacity...

June 29, 2021

Cyxtera Technologies

Frankfurt to restrict and regulate data centers

Frankfurt has proposed a development plan to regulate data centers in the area. The plan, it says, will prevent the “uncontrolled growth” of data centers. The city is the hub of the data center industry in Germany, and one of the four largest hubs in Europe, taking up 64 hectares (640,000 sqm...

May 14, 2021

Eric Bell

Frankfurt

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