Digital Colony shells out $972m to acquire Landmark Dividend

Digital Colony shells out $972m to acquire Landmark Dividend

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Global infrastructure investment firm Digital Colony is acquiring Landmark Dividend (LD), the real estate and infrastructure acquisition and development company, for $972 million - which includes a number of digital and data centre assets.

Digital Colony, which recently raised $4.1 billion for its second investment fund, invests in and operates businesses across the digital ecosystem, including towers, data centres, fibre networks and small cells. It manages a $32 billion portfolio of infrastructure assets.

LD has acquired approaching 20 data centres in the last year.

Steven Sonnenstein, senior managing director at Digital Colony, said: “The acquisition of LD is our first strategic step to secure a stronger future for LD and its various affiliated entities.

“We look forward to working with the LD team to advance our shared mission of acquiring and managing critical digital infrastructure assets that deliver quick, reliable and responsive service for customers.”

“As a recognised leader in the digital infrastructure space with a proven track record, we believe the Digital Colony team’s expertise is crucial to advancing our strategy in today’s rapidly evolving market,” said Tim Brazy, chief executive officer at LD. “We are confident this acquisition by Digital Colony will drive growth over the long-term.”

The acquisition is expected to close “within several weeks”, said Digital Colony.

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