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Infrastructure Investors Get Hungry for Data Center Deals
In 2019, expect to see more traditional infrastructure investors pour money into the data center sector. They are now recognizing that as a type of investment data centers have a lot in common with assets they’re used to, such as toll roads, power plants, airports, or cell towers. And they are actively looking to add data centers to their portfolios. The $1.1 billion acquisition of AT&T’s data center portfolio by Brookfield Infrastructure Partners, which closed this week, highlights this trend. Along with announcing close of the transaction, Brookfield launched a new company, called Evoque Data Center Solutions, which will provide colocation services out of the 31 data centers it acquired. Traditional infrastructure investors “are looking at this sector now as a legitimate part of the infrastructure definition,” Tim Caufield, the new company’s CEO, said in an interview with Data Center Knowledge. “These investments are long-term assets that are needed regardless of what’s happening in the economy, even as we talk about things like the cloud.”
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