{"id":386153,"date":"2020-11-20T14:18:14","date_gmt":"2020-11-20T19:18:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386153"},"modified":"2020-11-20T14:18:14","modified_gmt":"2020-11-20T19:18:14","slug":"colony-capital-portfolio-company-vantage-data-centers-acquires-hypertecs-hyperscale-data-center-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-portfolio-company-vantage-data-centers-acquires-hypertecs-hyperscale-data-center-business\/","title":{"rendered":"Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business<\/b><\/p>\n<p class=\"bwalignc\"><i>Transaction significantly expands Vantage\u2019s presence in the growing Montreal market<\/i><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nColony Capital, Inc. (NYSE: CLNY) announced today that its portfolio company Vantage Data Centers, a leading global provider of hyperscale data center campuses, has acquired the hyperscale data center business from Hypertec in Montreal. The transaction expands Vantage\u2019s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses.\n<\/p>\n<p>\nAs a result of the acquisition, Vantage is ideally positioned to benefit from increasing customer demand in the Montreal market. Hypertec\u2019s 49MW campus includes 25MW across two existing facilities and 24MW of expansion capacity. The campus, located less than two miles from Vantage\u2019s existing 11MW campus in Montreal, sits on 10 acres and will consist of 320,000 square feet once fully developed. Vantage will immediately begin construction of a third facility to complete the campus. The Hypertec data center team has joined Vantage.\n<\/p>\n<p>\nThe transaction was funded through investment vehicles managed by Digital Colony, Colony Capital\u2019s digital infrastructure investment arm, as well as acquisition debt financing. Digital Colony\u2019s support, which included leveraging the market and sector expertise of its data center team, demonstrates the firm\u2019s commitment to the strategic development and growth of its partner companies. This is Vantage\u2019s third acquisition in 2020, including the purchase of Etix Everywhere in February and Next Generation Data (NGD) in July.\n<\/p>\n<p>\n\u201cThe acquisition of Hypertec enables Vantage to continue capitalizing on Montreal\u2019s hyperscale growth given its access to scalable renewable energy, attractive power costs, tax incentives and robust fiber connectivity,\u201d said Sureel Choksi, president and CEO, Vantage Data Centers. \u201cSince entering the Canadian market in early 2019, Vantage has invested heavily in the region. We have been very impressed by the Hypertec data center team and are excited to welcome them to Vantage.\u201d\n<\/p>\n<p>\n\u201cVantage continues making significant investments in the Province of Quebec, and the Hypertec acquisition further cements our position as a leading hyperscale provider in Canada,\u201d explained Maxime Gu\u00e9vin, vice president and general manager for Vantage Canada. \u201cThis increased capacity positions us to better serve our local and international customers, and we expect Montreal to benefit from the addition of more high-quality jobs and revenue coming into the region.\u201d\n<\/p>\n<p><b>About Colony Capital, Inc. <\/b><\/p>\n<p>\nColony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The Company manages an approximately $47 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $23 billion in digital real estate investments through Digital Colony, its digital infrastructure platform. Colony Capital, structured as a REIT, is headquartered in Los Angeles with key offices in Boca Raton, New York, and London, and has over 350 employees across 20 locations in 11 countries.\n<\/p>\n<p>\nFor more information on Colony Capital, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.clny.com&amp;esheet=52333105&amp;newsitemid=20201120005684&amp;lan=en-US&amp;anchor=www.clny.com&amp;index=1&amp;md5=57de4af5077ac862664ab7c87921df33\">www.clny.com<\/a>.\n<\/p>\n<p><b>About Vantage Data Centers<\/b><\/p>\n<p>\nVantage Data Centers powers, cools, protects and connects the technology of the world\u2019s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across six markets in North America and six markets in Europe, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.\n<\/p>\n<p>\nFor more information on Vantage, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.vantage-dc.com&amp;esheet=52333105&amp;newsitemid=20201120005684&amp;lan=en-US&amp;anchor=www.vantage-dc.com&amp;index=2&amp;md5=35ceffd9159a9f837867f27b4d12e2fb\">www.vantage-dc.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201120005684r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201120005684\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201120005684\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Investor Contacts:<\/span><\/p>\n<p>\nSeverin White<br \/>\n<br \/>Colony Capital, Inc.<br \/>\n<br \/>Managing Director, Head of Public Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:swhite@clny.com\">swhite@clny.com<br \/>\n<\/a><br \/>(212) 547-2777\n<\/p>\n<p><span class=\"bwuline\">Media:<\/span><\/p>\n<p>\nJoele Frank, Wilkinson Brimmer Katcher<br \/>\n<br \/>Jon Keehner \/ Julie Oakes<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:clny-jf@joelefrank.com\">clny-jf@joelefrank.com<br \/>\n<\/a><br \/>(212) 355-4449\n<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Commercial Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201120005684\/en\/834859\/3\/CLNY_Logo_COLOR.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business Transaction significantly expands Vantage\u2019s presence in the growing Montreal market LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Colony Capital, Inc. (NYSE: CLNY) announced today that its portfolio company Vantage Data Centers, a leading global provider of hyperscale data center campuses, has acquired the hyperscale data center business from Hypertec in Montreal. The transaction expands Vantage\u2019s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses. As a result of the acquisition, Vantage is ideally positioned to benefit from increasing customer demand in the Montreal market. Hypertec\u2019s 49MW campus includes 25MW across two existing facilities and 24MW of expansion capacity. The campus, located less than two miles &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-portfolio-company-vantage-data-centers-acquires-hypertecs-hyperscale-data-center-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386153","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/colony-capital-portfolio-company-vantage-data-centers-acquires-hypertecs-hyperscale-data-center-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Colony Capital Portfolio Company Vantage Data Centers Acquires Hypertec\u2019s Hyperscale Data Center Business Transaction significantly expands Vantage\u2019s presence in the growing Montreal market LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; Colony Capital, Inc. (NYSE: CLNY) announced today that its portfolio company Vantage Data Centers, a leading global provider of hyperscale data center campuses, has acquired the hyperscale data center business from Hypertec in Montreal. The transaction expands Vantage\u2019s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses. As a result of the acquisition, Vantage is ideally positioned to benefit from increasing customer demand in the Montreal market. Hypertec\u2019s 49MW campus includes 25MW across two existing facilities and 24MW of expansion capacity. 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(NYSE: CLNY) announced today that its portfolio company Vantage Data Centers, a leading global provider of hyperscale data center campuses, has acquired the hyperscale data center business from Hypertec in Montreal. The transaction expands Vantage\u2019s total footprint in the Province of Quebec to 81MW of IT capacity across three campuses. As a result of the acquisition, Vantage is ideally positioned to benefit from increasing customer demand in the Montreal market. Hypertec\u2019s 49MW campus includes 25MW across two existing facilities and 24MW of expansion capacity. 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