(Bloomberg) — Equinix fashioned a three way partnership with Canada Pension Plan Funding Board and Singapore’s GIC to develop new information facilities.
Redwood Metropolis, California-based Equinix intends to boost greater than $15 billion in capital with its companions, in keeping with a press release Tuesday (October 1).
The corporate stated it expects the three way partnership to buy land to construct new services which will finally add greater than 1.5 gigawatts of recent capability for hyperscale clients.
Equinix is the biggest actual property funding belief targeted on information facilities, with a market capitalization of about $84 billion. The corporate has beforehand teamed up with giant traders together with GIC and PGIM to develop or purchase information facilities.
For the brand new partnership, CPP and GIC will every personal 37.5% of the three way partnership, and Equinix will personal the remaining 25%.
Demand for information facilities has proliferated amid the growth in synthetic intelligence, with executives throughout the globe citing an elevated want for the services in addition to power to energy them.
