CBRE Caledon acquired a stake in a $3.5-billion portfolio of 12 purpose-built high-quality data centres based in North America.

Vantage Data Centers, a leading global provider of hyperscale data centre campuses manages the portfolio—a partnership involving a group of investors including Colony Capital, Inc, Hana Financial Investment and Rasmala Investment Bank.

“We are excited to complete this investment as we believe these data centres are located in prime markets with top-tier clients and are expected to provide our investors with long-term contracted cash flows that escalate annually,” said Jeffrey DeBlock, partner at CBRE Caledon. “Through our prior investment in Vantage, we have forged a strong relationship with the management team and are pleased to acquire a significant minority interest in these operational assets, which meets our investors’ objectives.”

Vantage’s executive team, led by CEO Sureel Choksi, will continue to manage and operate the portfolio, which spans more than 1.4 million gross square feet and over 150MW of IT capacity across key markets in the U.S. and Canada.

“CBRE Caledon is excited to complete this investment on behalf of our fund, separately managed accounts and co-investors as we continue to invest in infrastructure for the new economy,” said Stephen Dowd, Chief Investment Officer, Private Infrastructure Strategies, CBRE Caledon. “In addition to providing the resilient characteristics that our clients are looking for in today’s investment environment, we are impressed by Vantage’s commitment to its ESG-goals of reducing emissions and energy efficiency, which include its Washington and Quebec data centre campuses that draw power from renewably sourced electricity.”