GI Partners grabs ownership of Montreal data centre

GI Partners grabs ownership of Montreal data centre | Smart Association - PCMA

GI Partners grabs ownership of Montreal data centre
GI Partners announced its acquisition of the Ericsson ICT Data Centre in the Vaudreuil-Dorion suburb of Montreal, Quebec.

Completed in December 2016, the property covers 20,000 square metres and was the third Ericsson Global ICCT Centre to be inaugurated at the time. It followed the opening of the Global ICT Centres in Linköping, Sweden in September 2014, and Rosersberg, Sweden in January 2016.

GI Partners acquired the property, located at 3500 Rue F.-X.-Tessier, directly from Ericsson, who will lease back a portion of the facility’s critical power and space on a short-term basis for the development of its cloud-based technologies.

GI Partners director Mike Armstrong said the data centre is in a dynamic market, with access to cost-effective hydroelectric power for scale and hyperscale deployments.

“The property is a world-class highly secure data centre that will provide users with the opportunity to establish in the market immediately, with a significant expansion potential under the same roof," he said.

With the acquisition, GI Partners now holds and manages a total of 21 properties in its data centre portfolio, which comprises 5.2 million square feet across 13 different leading data centre markets.

This article has been edited. It first appeared on Private Capital Journal, a site managed by CPE Media Inc, the official data provider for PCMA. Read the rest of the article here.

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