Montreal data centre acquired from Ericsson by San Francisco-based GI Partners

Montreal seems to increasingly recognized as a prime data centre location, and news of another acquisition seems to confirm that.

The Ericsson ICT Data Center has been acquired by US private equity firm GI Partners from the Swedish networking and telecommunications company Ericsson AB. No financial terms were disclosed.

The 215,000 square foot data centre facility was completed in December of 2016, and was designed with expansion in mind. In fact, it is designed to expand to more than 50 megawatts of primary power.

“Montreal is a dynamic data center market, due to its access to cost effective hydroelectric power that is attractive for scale and hyperscale deployments,” said Mike Armstrong, Director of GI Partners and co-head of acquisitions for GI’s technology real estate investment programs. “The property is a world class highly secure data center that will provide users the opportunity to establish in market immediately with significant expansion potential under the same roof.”

The property was built with infrastructure that is N+1 (or better) across critical systems. And despite its 50 megawatt capacity, the facility currently has only 11 megawatts of critical, redundant power, with space and power available for lease immediately.

GI Partners is San Francisco based, and has raised over $16 billion in capital through private equity and real estate strategies from recognized institutional investors across the world. The acquisition of the Ericsson Data Center brings the GI Partners portfolio to 21 properties comprising 5.2 million square feet across 13 different leading data center markets.

Photo by Thomas Kvistholt on Unsplash

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