A North American data centre platform created by a DigitalBridge-led investor group and Vantage Data Centers has acquired a $539m (€466m) asset in California.
DigitalBridge said Vantage SDC has bought CA22, a 24MW hyperscale data centre serving the Santa Clara market. The transaction will be funded mainly through existing and new Vantage SDC debt facilities and cash on hand.
The CA22 data centre facility is located in Vantage Data Center’s CA2 campus next to Vantage SDC’s CA21 facility.
The acquisition is the first hyperscale data centre acquisition since the formation of Vantage SDC in July last year.
Vantage Data Centers manages and operates Vantage SDC’s facilities as part of its global data centere footprint.
DigitalBridge said the acquisition extends Vantage SDC’s footprint to 13 stabilised hyperscale data centres across North America and expands capacity by 14% to 177MW.
Marc Ganzi, president and CEO of DigitalBridge, said: “DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centres remains strong.
“This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilised data centres but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”
To read the digital edition of the latest IPE Real Assets magazine click here.