Yondr Group buys 270 acres in Northern Virginia
The Yondr Group is continuing its plan to expand its hyperscale data centre footprint across the US, Canada, and Central and South America, amounting to a cumulative investment of around $2bn. The first major phase of this project, Yondr revealed on June 2, will be focused in Northern Virginia - the US’ “Data Centre Alley”.
Northern Virginia is currently the world’s largest single market for data centre construction, with more than 1.2 GW of total leased data centre absorption to date, and approximately 240 MW of critical data centre capacity currently under construction. The market - despite higher levels of saturation than anywhere else in the world - is expected to grow by 13.8% this year alone.
Yondr - in partnership with JK Land Holdings - is driving even more investment in the area, with the purchase of 270 acres of land throughout Loudoun and Prince William Counties. When fully developed, the land purchased by Yondr will be home to 500 MW of data centre capacity spread across multiple sites.
"With our Americas expansion plan in full swing, being strategically located in Northern Virginia will allow our clients to access the country's largest data centre corridor," said Éanna Murphy, Senior Vice President of Operations, Americas at Yondr Group. "Our partnership with JK Land Holdings and support from both county governments will allow our clients to grow at scale in this metro."
The land bought by Yondr is located in “close proximity” to the largest fibre and power transmission lines that pass through the state.
"Demand for data centers continues to grow exponentially,” said Chuck Kuhn, CEO, JK Land Holdings. He added that, by combining JK Holdings’ expertise in real estate acquisitions and land management with Yondr’s proven track record developing “state of the art data center facilities, we look forward to partnering to meet the nation's growing big data and cloud needs."
Yondr has announced that construction will begin immediately, and that the company expects to begin leasing capacity in Northern Virginia some time late next year.
The company also, according to Yondr’s Founder and Chief Development Officer, Pete Jones, has projects underway across the Americas, Europe, and APAC, including in London, Frankfurt, Berlin, Jakarta, Indonesia and in multiple cities in India. “The addition of Northern Virginia reinforces Yondr's commitment to deliver data centers across five continents by 2024," Jones added.
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.