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DataBank acquires Texas data centres

Written by Fri 28 Jan 2022

DataBank has purchased four CyrusOne data centres in the Houston metro area for $670 million USD. This represents CyrusOne’s total Houston footprint, adding 300,000 square feet of floor space and 42.5 MW of capacity to DataBank’s portfolio.

DataBank CEO Raul Martynek noted how the acquisition will expand DataBank’s services in Texas and across the nation. “ We are excited to add the Houston market to our DataBank portfolio. With our deep roots in Texas, it was a logical metro for us to expand into and allows us to bring out digital infrastructure and interconnection solutions to the fourth-largest metro in the U.S.”

“With the addition of Houston,” he continued, “DataBank now covers 27 metro markets, a larger geographic footprint in the U.S. than any other data centre operator.”

While the DataBank purchase includes all four of the CyrusOne data centres in Houston, CyrusOne did state that they would lease back one facility (Houston West III) to support a new contract recently signed with a hyperscale customer.

DataBank raised $1 billion USD in 2021, across two separate securitization offerings. While some is being invested in acquisition, additional funds have been committed to expanding existing data centre facilities. In July 2021, the company added 12,000 square feet to their Plano data centre. Then in December, DataBank announced that it would add two more data halls to the same facility for an additional 22,000 square feet of floor space.

The company has also been expanding its footprint in the top data centre market in the U.S., building a new facility in Northern Virginia. The data centre will include 200,000 square feet of floor space, and 4MW of capacity in Phase One, with up to 40 MW of power when complete.

The new data centre will be built on the land adjacent to DataBank’s existing facility in Ashburn, Virginia. CEO Raul Martynek noted, “DataBank is investing extensively across our portfolio nationwide, and IAD3 represents a tremendous opportunity for our clients to take advantage of Ashburn’s location and proximity to 70% of the world’s Internet traffic.

“This Ashburn data center more than doubles our colocation footprint in Loudoun County, providing a high-quality colocation solution for cloud, content, technology and Fortune 500 customers.”

Written by Fri 28 Jan 2022

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dara centre data center databank equity private equity texas
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