SAN FRANCISCO — June 24, 2021 — Prime Data Centers, a wholesale data center developer and operator, announces that it has formed a strategic partnership with Macquarie Capital, the principal investing arm of the Macquarie Group.
Macquarie Capital will lend its infrastructure investing and development franchise, along with growing expertise in the digital ecosystem to Prime’s expertise in delivering and servicing data center infrastructure solutions to enterprise and hyperscale companies. The partnership has targeted capital investments in excess of $5 billion over the next 10 years and aims to enable significant long-term advantages for data center users within the nexus of sustainable power, connectivity, and data centers.
“Data centers are a critical component of the digital infrastructure system and innovative developers such as Prime are positioned to deliver flexible, strategic solutions that data-reliant companies need more than ever,” said Mark Bradshaw head of Infrastructure Investing and Development for Europe & Americas at Macquarie Capital. “With this partnership and investment, Macquarie Capital can leverage its green energy platform, financial capabilities and its global digital infrastructure experience to help Prime Data Centers accelerate the development of a promising project pipeline of 400MW and drive long-term growth.”
Prime has recently signed build-to-suit leases with an initial aggregate capacity of 20MW in Santa Clara and Sacramento, California, of which the first 10MW is being delivered currently, and the partnership is developing several additional projects in the Americas and Europe.
The CEO and founder of Prime, Nicholas Laag, said of the Macquarie Capital partnership: “Macquarie Capital is an excellent fit for us, not only because of the strategic nature that is truly unique and a potential paradigm shift in solving for the delivery of sustainable mission-critical infrastructure on-demand at whatever capacity, but also because of their long-term investment horizon to really scale and leverage our mutual assets and people. We are planning for 10 and 20 years and not only one, three, or five years, which we believe will align well with customers.”
Macquarie Capital currently has over $25 billion of infrastructure projects under construction or development and is an industry leader across transportation, social, communications, renewable energy, and conventional energy infrastructure. Recent digital infrastructure transactions include the launch of last-mile fiber provider Accelecom, an investment in UK rural superfast broadband business Voneus Limited, and the acquisition of MasMovil’s Fibre-to-the-Home network in Spain.
For more information on Prime Data Centers, visit primedatacenters.com.
About Prime Data Centers
Prime Data Centers develops, acquires, and operates wholesale data centers for large enterprises and hyperscalers. Through its owned properties, customer assets (sale-leaseback), or greenfield developments, Prime delivers build-to-suit, powered-shell, and turnkey solutions. A private firm owned by a group controlling $6 billion of assets with a 15-year tenure in technology and real estate, Prime through its Partnership-as-a-Service program offers customers ownership options and dynamic leasing models resulting in a transparent, sustainable and reliable corporate partnership.
About Macquarie Capital
Macquarie Capital is the corporate advisory, capital markets and principal investment arm of Macquarie Group. Macquarie Capital has been a pioneer and global market leader in the infrastructure sector for over three decades. Its global expertise includes a broad range of infrastructure projects covering traditional core sectors such as transport and accommodation as well as emerging sectors such as digital infrastructure. Macquarie Capital’s Energy Principal team provides flexible capital across the project lifecycle of energy infrastructure projects, from development through operations, to unlock value and enable. growth. To learn more, visit www.macquarie.com.
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