T5 and QuadReal $2.5B Partnership
T5 Data Centers and QuadReal Property Group have just unveiled a platform to develop, acquire and operate data centres with a joint commitment of $2.5 billion in investment.
This partnership is a response to the growing demand for Datacenter facilities and related services by hyper-scale users and enterprises, according to the partners.
QuadReal is the real estate investment arm of British Columbia Investment Management Corp. which manages around $20.6 billion of the company’s total $145.6 billion.
On the other hand is T5 Data Centers which has been designing and developing wholesale data centres for hyper-scale, enterprise and colocation customers with mission-critical applications for over 10 years.
“This strategic investment puts us in a very unique position to participate in this growing market alongside a trusted company with a proven track record in data centre development, construction, and management. T5 Data Centers is the logical partner to help us build a long-term business in tech-related real estate while ensuring our users receive the highest levels of service and security for their mission-critical data,” said Jameson Weber, Head of Special Situations at QuadReal.
The new platform will continue to operate under the name of T5 Data Centers. Therefore, using T5 for procurements and development of enterprise and hyper-scale Datacenter facilities.
“Our alliance with QuadReal is a game-changer for current and future customers in the enterprise and hyper-scale markets, allowing us to build the world most advanced and customized data centre facilities faster and at scale in strategic markets in North America and beyond,” said Pete Marin, CEO of T5 Data Centers.
“This is the first step in our next decade of strategic growth, market leadership, and best-in-class customer service.”