Goodman Group and DataBank, a leading provider of cloud and connectivity services, have formed a $1bn (€850m) 50:50 joint venture to develop data centres in the US.
Its initial project, located in Vernon with a total capacity of 32MW, is expected to open in December 2026 with the first 6MW available and the remaining 26MW coming online in stages through to September 2027.
The site adds to DataBank’s existing development pipeline of more than 850MW across major US markets including Dallas, New York, Atlanta, Kansas City, Houston and Northern Virginia.
The Vernon property is the first for the joint venture as both parties intend to expand the relationship through the development of additional sites in capacity-constrained markets across the US.
“We’re excited to be partnering with Goodman to bring critically needed AI-ready data centre capacity to enterprises in the Los Angeles market,” said Raul Martynek, DataBank’s CEO.
“Together with Goodman’s development expertise, we’re able to accelerate our expansion in the market and deliver a world-class data centre that will serve hyperscale, AI, and enterprise customers with the reliability, scalability and operational excellence they expect from DataBank.”
Anthony Rozic, CEO of Goodman Group North America, said: “Power, sites and capital are critical to being able to build into demand and provide delivery certainty for customers.”
The Sydney-based group will complete the DataBank development as part of its projected work in progress of $12.4bn spanning both industrial and low latency data centres in major metro markets across the US, Europe, Asia and Australia.
