T5 Data Centers, an Atlanta, Georgia-based leading owner and operator of data centers, has announced entering into a partnership agreement with QuadReal Property Group, a Vancouver, Canada-based global real estate investment, operating, and development company, to build a platform to develop, acquire, and operate data centres, thus catering to the escalating demands of enterprise and hyperscale users.
The platform with a capitalization of $2.5 billion will support the development and acquisition of data center facilities in its bid to cater to the needs of enterprise and hyperscale users.
“The data center market continues to experience very strong growth, driven by the accelerating digitalization of information,” stated Jameson Weber, Head of Special Situations for QuadReal. “This strategic investment puts us in a very unique position to participate in this growing market alongside a trusted company with a proven track record in data center development, construction, and management. T5 Data Centers is the logical partner to help us build a long-term business in tech-related real estate while ensuring our users receive the highest levels of service and security for their mission-critical data.”
“Our alliance with QuadReal is a game-changer for current and future customers in the enterprise and hyperscale markets, allowing us to build the world’s most advanced and customized data center facilities faster and at scale in strategic markets in North America and beyond,” stated Pete Marin, CEO of T5 Data Centers. “This is the first step in our next decade of strategic growth, market leadership, and best-in-class customer service.”