Global real estate investment manager BGO has raised $260 million in its Data Center Co-Investment fundraise, which was established in connection to its U.S. Industrial Strategies I fund. Combined with this co-investment, the inaugural fundraise for the firm’s closed-end strategy totaled approximately $800 million, with a projected gross asset value of $2.4 billion.
BGO is now in the advanced stages of securing up to 800 megawatts of power capacity in aggregate to enable the construction of up to 3.2 million square feet of data centers.
This first fund of BGO’s U.S. Industrial Strategies features a prime portfolio of eight industrial projects, developed in collaboration with NorthPoint Development, which includes three properties planned for data center development. The portfolio now spans more than 1,500 acres across strategic U.S. markets, with 17.1 million square feet of buildable area, including capacity for data centers. Of this, 6.4 million square feet alread
