Showing posts with label Vantage Data Centers. Show all posts
Showing posts with label Vantage Data Centers. Show all posts

Tuesday, October 6, 2020

Vantage Data Centers raises $1.3 billion for expansion

Vantage Data Centers raised US$1.3 billion in securitized notes. 

The company said proceeds from this transaction are primarily being used to refinance outstanding debt and will reduce Vantage’s overall cost of capital by approximately 30% on average across its capital structure and extend debt maturities. This financing also provides cash for further investment.

“The current market environment proved extremely advantageous for Vantage and our investors to lower our capital costs, extend maturities and provide funding for growth opportunities,” said Sharif Metwalli, Vantage’s CFO. “Having access to capital at today’s attractive market rates gives us the ability to redeploy the realized savings with additional investments to grow the business across key regions throughout North America where our customers’ data center requirements continue to increase.”


Vantage Data Centers adds capacity in No. Virginia and Silicon Valley

 Citing a substantial increase in customer demand for premiere hyperscale data center space in recent months, Vantage Data Centers has begun construction on additional data center facilities at its growing Northern Virginia campus and its second Silicon Valley campus.

In Northern Virginia’s Data Center Alley, Vantage started construction on the next facility on its Ashburn campus. VA12 is the second of five planned facilities on the 42-acre campus, which will include more than 1 million square feet and 146MW of IT capacity once fully developed. Upon completion, VA12 will consist of 36MW of IT capacity and more than 250,000 square feet. Phase 1 is expected to be operational in Q1 2021.

In Silicon Valley, Vantage has begun construction of CA23 on its second Santa Clara campus, which will include a total of three facilities and 77MW of IT capacity upon completion. This newest facility will consist of more than 200,000 square feet, providing customers with 32MW of IT capacity. It is slated for completion in the second half of 2021.

CA23 is located on a nine-acre site less than two miles from Vantage’s flagship campus, the largest LEED certified campus in North America with a total of 77MW and six facilities. Combined, Vantage’s two Santa Clara campuses will provide customers with a total of nine facilities and 154MW of capacity in the heart of Silicon Valley.

“Vantage continues to experience a heightened global demand for hyperscale data center services,” said Sureel Choksi, president and CEO of Vantage Data Centers. “Because our customers want to grow with us across multiple markets, we continue to develop sustainable, state-of-the-art facilities across our portfolio, including in the world’s top data center markets.”

https://vantage-dc.com/data-centers

Vantage Data Centers gains strategic backing from Colony Capital

Vantage Data Centers announced a strategic partnership valued at $3.5 billion to accelerate the expansion of its wholesale data centers throughout North America and Europe.

Specifically, the Colony-led investor group will invest $1.2 billion in Vantage’s diversified portfolio, including 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity across key strategic markets in Santa Clara, California; Quincy, Washington; Montreal and Quebec City, Canada.

Vantage’s management team, led by Sureel Choksi, president and CEO, will continue to manage and operate these assets as part of its global data center footprint. Vantage will maintain the same level of superior service to its valued customers in each market, while simultaneously developing and operating additional data centers throughout North America and Europe. The capital provided by this transaction will support Vantage’s strategy to expand and enhance its global footprint.


http://www.vantage-dc.com

Thursday, September 17, 2020

Vantage Data Centers adds capacity in No. Virginia and Silicon Valley

 Citing a substantial increase in customer demand for premiere hyperscale data center space in recent months, Vantage Data Centers has begun construction on additional data center facilities at its growing Northern Virginia campus and its second Silicon Valley campus.

In Northern Virginia’s Data Center Alley, Vantage started construction on the next facility on its Ashburn campus. VA12 is the second of five planned facilities on the 42-acre campus, which will include more than 1 million square feet and 146MW of IT capacity once fully developed. Upon completion, VA12 will consist of 36MW of IT capacity and more than 250,000 square feet. Phase 1 is expected to be operational in Q1 2021.

In Silicon Valley, Vantage has begun construction of CA23 on its second Santa Clara campus, which will include a total of three facilities and 77MW of IT capacity upon completion. This newest facility will consist of more than 200,000 square feet, providing customers with 32MW of IT capacity. It is slated for completion in the second half of 2021.

CA23 is located on a nine-acre site less than two miles from Vantage’s flagship campus, the largest LEED certified campus in North America with a total of 77MW and six facilities. Combined, Vantage’s two Santa Clara campuses will provide customers with a total of nine facilities and 154MW of capacity in the heart of Silicon Valley.

“Vantage continues to experience a heightened global demand for hyperscale data center services,” said Sureel Choksi, president and CEO of Vantage Data Centers. “Because our customers want to grow with us across multiple markets, we continue to develop sustainable, state-of-the-art facilities across our portfolio, including in the world’s top data center markets.”

https://vantage-dc.com/data-centers

Vantage Data Centers gains strategic backing from Colony Capital

Vantage Data Centers announced a strategic partnership valued at $3.5 billion to accelerate the expansion of its wholesale data centers throughout North America and Europe.

Specifically, the Colony-led investor group will invest $1.2 billion in Vantage’s diversified portfolio, including 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity across key strategic markets in Santa Clara, California; Quincy, Washington; Montreal and Quebec City, Canada.

Vantage’s management team, led by Sureel Choksi, president and CEO, will continue to manage and operate these assets as part of its global data center footprint. Vantage will maintain the same level of superior service to its valued customers in each market, while simultaneously developing and operating additional data centers throughout North America and Europe. The capital provided by this transaction will support Vantage’s strategy to expand and enhance its global footprint.


http://www.vantage-dc.com


Vantage Data Centers to acquire data center campus in Wales

Vantage Data Centers  signed a definitive agreement with InfraVia Capital Partners, along with the two founders of the business, to acquire Next Generation Data (NGD), which operates a data center campus located on 50-acres in the Cardiff Capital Region in South Wales, UK.


The existing NGD data center campus is a Tier III 180MW facility, including an existing 72MW capacity and 108MW of expansion capacity. It uses 100% renewable energy and is rich in fiber delivered by many Tier 1 service providers. Latency between Wales and London is less than 1.5 milliseconds. In addition, NGD Cloud Gateway provides multiple access services, including Express Route and Connect, and NGD recently became a new hosting facility for LINX Wales. The highly secure site meets the U.K. government’s highest standards, and is one of many reasons that multiple blue-chip, high growth companies currently house their IT infrastructure within NGD’s 750,000 square foot facility.

Upon closing, Wales will mark Vantage’s sixth strategic market in Europe following its entrance into five markets (Berlin, Frankfurt, Milan, Warsaw and Zurich) announced in February 2020, including the acquisition of Etix Everywhere.

The transaction will be funded with equity commitments from Digital Colony Partners and other investors in Vantage, as well as acquisition debt financing.

Vantage Data Centers launch $2 billion European expansion strategy

Vantage Data Centers has launched a $2 billion expansion into Europe with the aim of establishing itself in the hyperscale market.

As part of its expansion strategy, Vantage has acquired Etix Everywhere, which has 50MW of built data center capacity across its footprint and is building a 55MW hyperscale data center campus in Frankfurt, Germany. Financial terms were not disclosed. In conjunction with the Etix acquisition, Antoine Boniface, former CEO of Etix, has joined the Vantage executive team to serve as president, Europe.

In addition, Vantage Europe has secured land and is planning to develop hyperscale data center campuses in Berlin, Milan, Warsaw and Zurich. The facilities, which are currently underway, are in the following European markets:

  • Berlin: 64MW campus on 13 acres (5 hectares)
  • Milan: 32MW campus on 17 acres (7 hectares)
  • Warsaw: 64MW campus 12 acres (5 hectares)
  • Zurich: 40MW campus on 7 acres (3 hectares)

Vantage said intends to invest USD $2 billion in its planned European expansion, including more than USD $800 million in new equity capital provided by Vantage’s current investors and a new commitment from Digital Colony Partners.