Global Technical Realty (GTR), a $1 billion European build-to-suit acquisition data center platform backed by KKR, has unveiled plans to build a new 10.5-megawatt underground data facility in Petah Tikva, Israel.
The facility will be located in a hub with a connectivity ecosystem consisting of seven cloud service providers, the Israeli Internet Exchange and multiple carriers. It will be built to suit hyperscale specifications, and span 4,800-square-meters (5,1666-square-feet) across two floors, with each floor offering 8 megawatts and 2.5 megawatts of capacity, respectively.
This project marks GTR’s second investment in EMEA and its first investment in Israel.
“Israel is an entrepreneurial hub for high-tech innovation and an important market for our data center strategy in EMEA,” said Andrew Peisch, director at KKR. “We are pleased to make this investment in a high-quality project to help accelerate the digital transformation that is underway in the regi