T5 Data Centers and QuadReal Property Group have agreed to launch a platform to develop, acquire and operate data centers focused on meeting the complex requirements and escalating demands of enterprise and hyperscale users.
This highly scalable, fully integrated platform builds on T5’s leadership position providing holistic data center solutions. The platform has been capitalized to support the development and acquisition of over $2.5 billion of state-of-the-art facilities positioned to support the needs of enterprise and hyperscale users.
“The data center market continues to experience very strong growth, driven by the accelerating digitalization of information,” said Jameson Weber, head of special situations for QuadReal. “This strategic investment puts us in a very unique position to participate in this growing market alongside a trusted company with a proven track record in data center development, construction, and management. T5 Data Centers is the logical partner to help us build a long-term business in tech-related real estate while ensuring our users receive the highest levels of service and security for their mission-critical data.”
“Our alliance with QuadReal is a game-changer for current and future customers in the enterprise and hyperscale markets, allowing us to build the world’s most advanced and customized data center facilities faster and at scale in strategic markets in North America and beyond,” said Pete Marin, CEO of T5 Data Centers. “This is the first step in our next decade of strategic growth, market leadership, and best-in-class customer service.”
For more than 10 years, T5 Data Centers has been designing and developing customizable wholesale data centers for hyperscale, enterprise and colocation customers with mission-critical applications. T5 has served leading companies in IT, finance, insurance, health care, and telecommunications in data centers located across the United States. The company has built a strong reputation for data center reliability, having been a serial recipient of the Uptime Institute’s Continuous Uptime Award for uninterrupted service. T5 also maintains its own construction design team and facilities management subsidiary.
The new platform will continue to operate under the name of T5 Data Centers.
T5 was advised by Greenhill & Co. and Eversheds-Sutherland. QuadReal was advised by Paul Hastings.