QuadReal Property Is in Talks to Invest $1 Billion in T5
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QuadReal Property Group Ltd. is in advanced talks to invest $1 billion in T5 Data Centers LLC, according to people familiar with the matter.
Proceeds from the Vancouver-based investor will be used to buy and build new data centers, according to the people, who asked not to be identified because the matter is private. The negotiations are ongoing and it’s not assured a deal will be reached, one of the people said.