T5 Data Centers, an industry leader in building and operating secure and customizable computing environments, and QuadReal Property Group, a global real estate investment, operating and development company, have agreed to invest over $2.5 billion in data centers. They will launch a platform to develop, acquire, and operate data centers focused on meeting the complex requirements and escalating demands of enterprise and hyperscale users.
“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,” said 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.”
The new platform will continue to operate under the name of T5 Data Centers. It is expected to support the development and acquisition of over $2.5 billion of state-of-the-art facilities. According to the company, the platform can meet the growing demands of enterprise and hyperscale clients worldwide.
“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,” said Jameson Weber, Head of Special Situations for QuadReal.
Headquartered in Vancouver, Canada, Quad Real is the real estate investment division of British Columbia Investment Management Corp. The company’s $27.4 billion portfolio spans 23 Global Cities across 17 countries.
T5 has extensive experience in designing and developing customizable wholesale data centers. Atlanta-based provider of data center solutions has served leading companies in IT, finance, insurance, health care, and telecommunications in data centers located across the United States.