$84 Billion Digital Infrastructure Company Equinix Signs $15 Billion Joint Venture Agreement with Singapore Sovereign Wealth Fund GIC & Canada Pension Plan Investment Board (CPP Investments), Intent to Raise $15 Billion to Buy Land & Build xScale Data Center Portfolio in United States via Limited Liability Partnership
3rd October 2024 | Hong Kong
Digital infrastructure company Equinix ($84 billion market value) has signed a $15 billion joint venture agreement with Singapore sovereign wealth fund GIC & Canada Pension Plan Investment Board (CPP Investments), with intent to raise $15 billion to buy land & build xScale data center portfolio in the United States via a limited liability partnership (LLP). Announcement (1/10/24): “Equinix (Nasdaq: EQIX), the world’s digital infrastructure company®, today announced the signing of a joint venture (JV) agreement, subject to closing conditions, in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board (CPP Investments), with the intent to raise over US$15 billion in capital together with its partners. Driven by increasing artificial intelligence (AI) and cloud growth, the JV is intended to accelerate the Equinix xScale data center portfolio, which enables hyperscale companies to add core deployments to their existing access point footprints at Equinix International Business Exchange™ (IBX®) data centers. At full buildout, this new JV will nearly triple the investment capital of the Equinix xScale program. With the capital raised through the JV, Equinix expects the JV to purchase land to build new state-of-the-art xScale facilities on multiple greater-than-100-megawatt (MW) campuses in the U.S., eventually adding more than 1.5 gigawatts of new capacity for hyperscale customers.”
“ $84 Billion Digital Infrastructure Company Equinix Signs $15 Billion Joint Venture Agreement with Singapore Sovereign Wealth Fund GIC & Canada Pension Plan Investment Board (CPP Investments), Intent to Raise $15 Billion to Buy Land & Build xScale Data Center Portfolio in United States via Limited Liability Partnership “
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$84 Billion Digital Infrastructure Company Equinix Signs $15 Billion Joint Venture Agreement with Singapore Sovereign Wealth Fund GIC & Canada Pension Plan Investment Board (CPP Investments), Intent to Raise $15 Billion to Buy Land & Build xScale Data Center Portfolio in United States via Limited Liability Partnership
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