Rebel Capital, a Vancouver, Canada-based capital pool company, as per recent reports, has announced its plan to buy a 91,790 sft. data center facility in Pittsburgh from Chief Commercial Construction LP, a Pennsylvania limited partnership for US$32m. The Pittsburgh data center facility also includes a connected three-storeyed, 43,800 sft. office property, which comes as part of the deal.
The data center facility spans 7.65 acres. The completion of this transaction deal is subjected to regulatory approval, which includes approval of the TSX Venture Exchange, and financing arrangements.
With this closure, Rebel will be able to secure a “Tier 1” real estate issuer title for itself that meets TSXV’s listing requirements.
Furthermore, Rebel has also secured itself, two new board members, both Shant Poladian & Anish Chopra have joined Rebel as members of the board of directors, while Mihalis Belantis has agreed to resign as a director. Furthermore, Mark MacDonald, who is the founder & CEO of C15Edge Data Centers, has also joined the Rebels’ board as the co-chief executive officer. MacDonald has 30+ years of experience in broad investment, corporate development and restructuring, which also includes co-managing the Ontario Teachers Pension Plan’s $4.5bn portfolio of private investments, under his belt of achievements.