Serverfarm has acquired two Houston, Texas information middle campuses that are positioned to ship near-term capability to the market via sustainable modernization of pre-existing buildings. The acquisition marks the corporate’s entry into the Texas market increasing its colocation capabilities throughout the US. The transaction was funded with fairness commitments from Manulife Funding Administration (on behalf of Manulife Infrastructure Fund II,* Manulife Infrastructure Fund III and its associates), Serverfarm’s majority shareholder, and different minority shareholders. The Vendor was solely suggested by CBRE Information Heart Capital Markets.
Via Serverfarm’s experience in adaptive reuse, infrastructure modernization and sustainable redevelopment, HOU1 and HOU2 will quickly scale to handle the underserved, excessive demand Houston market with hyperscale information middle capability. The primary section of 1 campus is pre-leased to a big buyer, with each campuses attracting intense curiosity from hyperscalers and different know-how corporations.
“Serverfarm’s revolutionary method to offering near-term capability immediately addresses hyperscale buyer necessities in a sustainable, future-proof method. Our entry into Houston is our largest information middle funding up to now, demonstrating our continued deal with serving our prospects’ wants,” stated Avner Papouchado, CEO, Serverfarm.
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Serverfarm Houston 1 (HOU1)
Houston ranks because the seventh largest US metro economic system, house to 7.3 million folks and boasts a GDP of over $630 billion. Due to its central location, expert workforce, vitality infrastructure and a business-friendly rules and tax surroundings, Houston and the broader Texas space is a frontrunner in digital and vitality transformation.
Serverfarm’s HOU1 information middle facility has a present capability of 350,000 sq ft with line-of-sight of 410MW of buyer capability. The HOU2 information middle campus spans throughout practically half 1,000,000 sq ft in two buildings with secured buyer capability to scale to 100MW utilizing out there, current grid energy. Serverfarm’s phased growth plan for the websites is targeted on maximizing capability throughout the current information middle constructing shells previous to future growth.
The websites have a mixed acreage of 250 acres and each campuses have on-site substations with unused out there capability uniquely positioning Serverfarm to serve the Houston metro at a scale beforehand unseen.
“This acquisition represents a transformational alternative for Serverfarm and demonstrates its robust growth capabilities and skill to supply speed-to-market to hyperscale prospects in prime metro places” stated Recep Kendircioglu, world head of infrastructure, Manulife Funding Administration. “We’re strongly supportive of alternatives that strengthen the market place of our portfolio corporations and excited in regards to the acquisition of those two information facilities enhancing Serverfarm’s presence in the US.”
