July 8, 2020 Comments Off on Colony Capital, Vantage Data Centers Form $1.2B Strategic Partnership Views: 739 California News, Los Angeles, Top California

Colony Capital, Vantage Data Centers Form $1.2B Strategic Partnership

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An investor group led by Los Angeles-based Colony Capital, Inc. formed a strategic partnership with Vantage Data Centers valued at $3.5 billion to accelerate the expansion of Vantage’s wholesale data centers throughout North America and Europe. The investor group will invest $1.2 billion in Vantage’s diversified portfolio, including 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity.

The portfolio is spread across key strategic markets including Santa Clara, CA (pictured); Quincy, WA; Montreal and Quebec City, Canada.

The strategic partnership marks a significant milestone in Colony’s ongoing digital transformation, with $200 million of the investment coming from Colony’s balance sheet. The company says the deal underscores its commitment to investing in and acquiring world-class, stabilized digital infrastructure assets that deliver consistent returns for Colony shareholders.

The partnership is expected to be finalized in late July. Citi served as financial advisor to Vantage Data Centers.

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