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QuadReal Property Group and T5 Data Centers announced on Wednesday that their partnership, which has been ongoing for six years, will be expanded to support the next phase of strategic growth. The goal is to raise $8 billion in digital infrastructure through this latest round of capital raising. Specific terms were not disclosed.
The QuadReal/T5 platform was established in 2019 with an initial value of $2.5 billion and is jointly owned by principals from both companies. It has already developed facilities in key markets across the United States such as Silicon Valley, Hillsboro, Chicago, Atlanta and Charlotte to serve cloud computing, artificial intelligence (AI), and enterprise clients. This new investment will help meet growing customer demand while also supporting the development of a new Scaled Campus strategy with a capacity target of 5 GW.
According to Pete Marin , CEO at T5 based in Atlanta: “This additional investment from QuadReal allows us at T5 to continue pursuing our ambitious Scaled Campus strategy which aims to provide AI-optimized data center space for some of the world’s most advanced technology companies.” A photo accompanying this announcement shows one example – The T4 @ Chicago IV campus located in Grayslake IL.
Register Today so you don’t miss out on Connect CRE’s Lifetime Achievement Award presentation honoring Michael Brennan , who will also participate alongside Kevin Brennan (both are part owners) during our Keynote Interview session scheduled for March 25th afternoon starting around noon until about three o’clock PM Central Time . Join us then when we’ll all come together live online via Joe’s Live streaming service provided by Rosemont Illinois’ own Joe Shanahan .
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