{"id":489150,"date":"2021-05-06T09:05:00","date_gmt":"2021-05-06T13:05:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/stack-infrastructure-expands-internationally-with-new-campus-in-toronto\/"},"modified":"2021-05-06T09:05:00","modified_gmt":"2021-05-06T13:05:00","slug":"stack-infrastructure-expands-internationally-with-new-campus-in-toronto","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stack-infrastructure-expands-internationally-with-new-campus-in-toronto\/","title":{"rendered":"STACK INFRASTRUCTURE Expands Internationally With New Campus in Toronto"},"content":{"rendered":"

\n56MW Campus Represents Company\u2019s Entry Into Canada
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DENVER, May 06, 2021 (GLOBE NEWSWIRE) — STACK INFRASTRUCTURE<\/u><\/a> (\u201cSTACK\u201d or the \u201cCompany\u201d), the digital infrastructure partner to the world\u2019s most innovative companies, today announced a partnership with First Gulf, a proven market leader in Canadian development and construction, to develop a 56 MW campus in Toronto, Ontario<\/a>. STACK\u2019s first international expansion is located minutes from Toronto\u2019s downtown core and will include immediate capacity ready in mid-2022 as well as future expansion.<\/p>\n

As the fourth largest city in North America and a critical data center market, Toronto is an ideal location for STACK\u2019s first expansion into Canada. The new STACK development sits on 7.5 hectares (19-acres), located 10km (six miles) from the heart of downtown Toronto, and will be fed by three diverse substations served by Toronto Hydro for maximum scalability and redundancy. The 56MW campus will enable hyperscale and enterprise clients to choose among ready capacity, powered shell, and build-to-suit customized opportunities.<\/p>\n

The Company is partnering with First Gulf on site development, leveraging the development firm\u2019s 30 years of experience and more than $4 billion in developed assets within Greater Toronto and Ontario. First Gulf has been recognized as a market leader in development, design-build, and construction for commercial, industrial, and mission-critical projects.<\/p>\n

\u201cToronto, with its incredible economic growth, access to power, and connectivity, is one of North America\u2019s most exciting data center expansion opportunities,\u201d said Brian Cox, STACK\u2019s Chief Executive Officer. \u201cOur company continues to develop where our hyperscale and enterprise clients need to be, and we couldn\u2019t be more excited to partner with First Gulf and expand internationally to meet those needs. This represents the next chapter in the fast-moving and ever-expanding story of STACK growth.\u201d<\/p>\n

Ilias Konstantopoulos, Chief Executive Officer of the Great Gulf Group, First Gulf\u2019s parent company, added: \u201cTogether, STACK and First Gulf make an exceptional team. With our 30 years of experience, development is where our team thrives, and First Gulf knows the Toronto market as well as anyone. There is incredible potential here for long-term growth of digital communications infrastructure, and we\u2019re proud to join forces with STACK to facilitate that growth.\u201d<\/p>\n

\u201cWe are delighted to welcome STACK and its partners to Toronto. It is great news that they, along with First Gulf, are further investing in the region\u2019s digital infrastructure to power the City and its business community,\u201d said John Tory, Mayor of Toronto. \u201cAs an industrial and financial hub of Canada, increased technology access, development, and jobs are critical to Toronto\u2019s growth, which is why we hope this is just the beginning of a long, successful partnership.\u201d\u00a0<\/p>\n

This latest expansion adds to an already record-setting year of growth for STACK. Recently the Company announced<\/a> a round<\/a> of executive hires and the issuance<\/a> of $400 million of securitized notes at an industry-leading rate. It is also closing out delivery of a new 24MW facility<\/a> on a 28-acre campus in Hillsboro, a suburb of Portland.<\/p>\n

STACK also offers several other opportunities in key regions throughout the United States, including:<\/p>\n