Equinix Forms $15 Billion-Plus Joint Venture with Canada Pension and GIC
Commercial buildings housing the LD8 Data Centre in London, operated by Equinix Inc.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Equinix Inc. formed a joint venture with Canada Pension Plan Investment Board and Singapore’s GIC Pte to develop new data centers.
Redwood City, California-based Equinix intends to raise more than $15 billion in capital with its partners, according to a statement Tuesday, confirming an earlier story by Bloomberg News. The company said it expects the joint venture to purchase land to build new facilities that may eventually add more than 1.5 gigawatts of new capacity for hyperscale customers.