Equinix and GIC to develop data centres in Europe costing $1bn

By Bruno Reis

The California-based data centre company, Equinix, has partnered with the Singapore’s sovereign wealth fund, GIC, to develop new data centres in Europe.

The companies will develop and operate xScale data centres, targeting hyperscale businesses.

Initially six data centres will be built in Amsterdam, Frankfurt, and London. The sites will have a combined capacity of 155MW.

GIC will own 80% of the joint venture’s equity interest, with Equinix owning the remaining 20%.

SEE ALSO:

“It has been a long journey to reach this point, but we are tremendously excited to announce the formation of our first xScale data centers joint venture,” commented Charles Meyers, President and CEO of Equinix.

“Partnering with a world-class investment partner like GIC will provide the opportunity to make significant capital investments in order to capture targeted large-footprint deployments while continuing to optimize our capital structure.”

“The JV structure will enable us to extend our cloud leadership while providing significant value to a critical set of hyperscale customers.”

“We look forward to launching similar JVs in other operating regions and believe that these efforts will continue to further differentiate Equinix as the trusted center of a cloud-first world.”

Share

Featured Articles

Top 10 metaverse projects in the UAE, including world firsts

As Accenture predicts the metaverse will fuel a US$1 trilion commerce opportunity by 2025, we round up 10 pioneering metaverse projects in the UAE

PwC’s survey shows Middle East CEOs remain upbeat on growth

CEOs in the Middle East are far more optimistic about regional growth than those in North America and Europe, according to PwC’s annual survey

Opinion: “Why we must tackle the digital skills crisis"

Upskilling for the digital world isn’t complicated but it is urgent, argues Tom Moore, CEO of WithYouWithMe – a social impact tech firm founded by veterans

5 Mins With: Kathryn Kaminsky Vice Chair Trust Solutions PwC

Leadership & Strategy

Survey: The Future of Cloud Security in the Middle East

Technology

Deloitte US Chief Purpose Officer on driving impact at scale

Leadership & Strategy