Warburg Pincus and Chinese data center provider 21Vianet Group, Inc. have entered into a strategic investment agreement to form a joint venture to invest in wholesale data centers and built-to-suit data center projects in China, the companies announced.
No financial details were disclosed.
With strong demand for data center space driven by the exponential growth in data usage and cloud services, the joint venture will focus on turn-key data centers, standard modules and built-to-suit solutions. The goal is for the platform to grow to 80,000 to 100,000 cabinets over the next five to seven years.
"Data centers have been one of the best performing real estate asset classes globally and one supported by c...
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