Patrizia and CenterSquare have invested an undisclosed amount in Aligned data center which will support the previously announced $5bn primary equity and $7bn in debt commitments raised in January of this year.
James Muir, head of Patrizia’s investment division, said: “This investment is a prime example of how Patrizia is driving innovation in the RE-Infra asset class. Data centers, such as those developed by Aligned, are critical to the digital economy, and we can capture exceptional value for our investors by investing in Aligned’s growth strategy at a critical inflection point – where the company’s established operational portfolio of data centers and robust pipeline offer immediate returns and significant long-term upside.”
Todd Briddell, CEO and CIO of CenterSquare added: “Partnering with Patrizia on this investment underscores CenterSquare's continued focus on identifying and supporting privately held high-growth real estate companies operating in high-conviction sectors with strong secular tailwinds and a view towards mid-term liquidity.”
