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Sign in Sign up for a FREE subscriptionKKR commits $1b to data center platform
Global investment firm KKR and Franek Sodzawiczny, a data center entrepreneur and executive, have formed a Global Technical Realty (GTR), a build-to-suit and roll-up acquisition data center platform in Europe.
KKR will make a $1 billion equity capital commitment primarily from its third global infrastructure fund, which may be supplemented with additional commitments over time, to develop and build data centers for large technology companies through GTR across Europe over the coming years. Alongside debt financing, KKR’s equity commitment is expected to support more than $2.5 billion of asset development and investment, including opportunities from a highly active commercial pipeline as the demand for third-party data center provision continues to grow.
GTR has partnered with Mercury Engineering, a leading European engineering contractor with deep experience in data center construction, to design and develop a data center product specifically catered to the needs of