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Sign in Sign up for a FREE subscriptionGIC and Equinix form $1b European data center JV
GIC, Singapore’s sovereign wealth fund, and Equinix, a global interconnection and data center company, have agreed to enter into an 80-20 joint venture to acquire and develop six hyperscale data centers in Europe for more than $1 billion.
The venture will acquire two operational data centers in London and Paris, which together deliver approximately 31 megawatts of critical power to customers. It plans to further develop four data centers in Amsterdam, Frankfurt (two sites) and London. When fully developed, these initial six facilities will provide approximately 155 megawatts of power capacity. Equinix will develop, operate and manage the data centers.
Charles Meyers, president and CEO, Equinix, said, “It has been a long journey to reach this point, but we are tremendously excited to announce the formation of our first xScale data centers joint venture. Partnering with a world-class investment firm like GIC will provide the opportunity to make significant capital in
