Vantage acquires hyperscale campus in Montreal
In February, the Californian firm bought Etix Everywhere as part of a of its European footprint. A few months later, in July, the company snapped up UK data centre operator , acquiring the company’s 180MW hyperscale campus in Cardiff.
Following a year of steady growth in Europe, Vantage is further expanding its North American footprint. The company announced over the weekend that it has completed the acquisition of Montreal-based data centre operator Hypertec’s hyperscale business.
The deal will see Vantage take over ownership and operation of Hypertec’s 49MW campus in Montreal, which comprises 25MW of existing capacity spread across two operational facilities and a further 24MW of expansion capacity, with an expected total of 320,000 square feet of colocation space upon full built out completion.
Hypertec’s Montreal facility is located less than two miles from Vantage’s existing 11MW Montreal data centre. Vantage has also revealed that it will retain Hypertec’s full roster of staff, who will continue operating the Montreal campus for the foreseeable future.
"Vantage continues making significant investments in the Province of Quebec, and the Hypertec acquisition further cements our position as a leading hyperscale provider in Canada," explained Maxime Guévin, vice president and general manager for Vantage Canada.
"This increased capacity positions us to better serve our local and international customers, and we expect Montreal to benefit from the addition of more high-quality jobs and revenue coming into the region."
Vantage raised funds for the purchase through an ongoing relationship with Digital Colony, which recently led a funding round to raise $1.25bn in incremental equity capital for Vantage’s ongoing expansion efforts. This latest round of funding further compound's the company's funraising successes this year. In July, Vantage announced the formation of a strategic partnership with investor group Colony Capital valued at around $3.5bn.
"This transaction is an important strategic move for Hypertec as we look to further focus our resources and capital on propelling our fast growing core technology product and services businesses forward, as well as on growing new verticals." said Jonathan Ahdoot, Hypertec's chief commercial officer.
"This deal also provides our data center business unit the opportunity to grow and scale more quickly as part of Vantage's global platform. We are confident that our colocation customers are in good hands with a company known for its remarkable customer service and operational excellence."
GTR and SEGRO agree first UK data centre facility
SEGRO, a property investment and development company, has announced it has come to an agreement with the European data centre platform, Global Technical Realty (GTR) to construct its first UK-based data centre. SEGRO claims that the facility, which will span a total area of 400,711 sq ft, will be located in Slough and is to become “the largest data centre campus in the UK’s premier data centre and communications hub”.
What will SEGRO’s data centre facility be used for?
Supported by the global investment firm KKR, Global Technical Realty says it will be using the facility’s space on a 25-year term to operate bespoke data centres for high-growth global technology companies. The new facility aims to support the growing demand for third-party data centre provision amid ever-increasing growth in data usage and cloud services adoption.
Franek Sodzawiczny, CEO & Founder of GTR, said: “We are excited to be back in the UK alongside our partner KKR and look forward to working closely with SEGRO to deliver this state-of-the-art data centre campus. The data centre space is a fast-moving one. GTR was established to support its customers in providing a data centre solution wherever in the world there is a demand for it. We are delighted that the UK will become home to our flagship concept”.
James Craddock, Managing Director, Thames Valley at SEGRO, said: “We’re pleased to welcome GTR as the latest data centre operator to our thriving estate and our team of experts look forward to developing a stunning new facility for them and their customers. “Homeworking, data streaming, e-commerce and businesses’ reliance on cloud services have all grown during the pandemic, meaning demand for data centres is unabated.
“Slough Trading Estate is home to Europe’s largest data centre cluster and data centres are increasingly regarded as part of our key national infrastructure given the critical role they play in our daily lives”, he added.
The facility is expected to be delivered in two phases with operations beginning by Q4 of next year. The first phase plans to provide 132,575 sq ft of space phase two will create 268,136 sq ft of space. “Vacant possession of the site delivered to the customer by early 2022”, SEGRO said.
The project is also expected to create around 200 jobs during its construction, and a further 80 permanent roles once completed.