The NZ Super Fund has plans to capitalize on demand for digital infrastructure, underpinned by the growth in data, by investing up to $115 million in North American data centers.
The investment is being made alongside vehicles managed by CIM Group, a North American real estate and infrastructure owner and operator. The investment includes potential access to certain of CIM’s pipeline of future data center transactions and its existing portfolio of six data centers at various stages of development and operations. The existing portfolio is owned through one or more joint ventures with CIM Group’s managed vehicles.
Del Hart, head of external investments and partnerships at NZ Super Fund, said: “Data centers offer strong infrastructure-like returns underpinned by exponential growth in digital data. We are seeing increasing customer demand for offsite data centers as enterprises either shift data management to third-party providers or move to the cloud. Furthermore,
