Macquarie Capital lays out $5bn data centre expansion through Prime
Macquarie Capital has formed a strategic partnership with and made an equity investment in Prime Data Centers, with the two now planning a $5 billion expansion drive in acquiring and developing additional data centres.
Prime is a California-headquartered wholesale data centre developer and operator with several existing facilities and a pipeline of data centre projects throughout the Americas and Europe.
Macquarie Capital says it will “lend” its infrastructure investing and development franchise to Prime, for delivering and servicing data centre infrastructure solutions to enterprise and hyperscale companies.
“The partnership has targeted capital investments in excess of $5 billion over the next ten years,” the two companies said.
“Prime are positioned to deliver flexible, strategic solutions that data-reliant companies need more than ever,” said Mark Bradshaw, head of infrastructure investing and development for Europe and the Americas at Macquarie Capital.
“With this partnership and investment, Macquarie Capital can leverage its green energy platform, financial capabilities and its global digital infrastructure experience to help Prime Data Centers accelerate the development of a promising project pipeline of 400MW and drive long-term growth,” said Bradshaw.
CEO and founder of Prime Nicholas Laag added: “Macquarie Capital is an excellent fit for us because of their long-term investment horizon to really scale and leverage our mutual assets and people.
“We are planning for ten and 20 years and not only one, three or five years, which we believe will align well with customers.”
The investment is being led by specialists within Macquarie Capital’s infrastructure investment and development team that focus on asset opportunities within the broader digital infrastructure ecosystem, including towers, data centres, fibre, small cells and other digital assets.
Macquarie Capital currently has over $25 billion of infrastructure projects under construction or in development.