NTT Data sells two US data centres to GI Partners

30 January 2019 | James Pearce

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NTT Data has agreed a deal to sell its data centre facilities in Plano, Texas, and Quincy, Washington, to private investment firm GI Partners.

The data centre services arm of NTT Communications will offload the two facilities to GI Partners, a private investment firm that has raised over $17 billion in capital through a combination of private equity and real estate.

The deal will see NTT lease both sites back from GI on a long-term basis. The Quincy data centre is a 180,000 square foot facility that was built in 2012 and offers robust, redundant infrastructure including 14MW of gross power.

The Plano facility is a campus rich in infrastructure, with over one million square feet of space, including office space and an owned, expandable on-site substation. Two data centre facilities on the site will be leased back to NTT Data.

These deal to buy these properties add to the technology real estate portfolios owned and managed by GI Partners and its affiliates, which now total 33 properties comprising 8.3 million square feet across 14 different markets.

"We look forward to continuing our relationship with NTT DATA and expanding our data centre footprint in the Dallas metroplex, which continues to be a very attractive market with increasingly attractive demand prospects," commented Mike Armstrong, Director of GI Partners and head of acquisitions for its technology real estate investment programs.

"Quincy is unique given the 100% 'green' hydroelectric power and emerging profile as a destination for large footprint data centre users. Furthermore, because of the lease-back options, NTT DATA will be able to continue using the data centres without changes for their clients."