Digital Realty, TPG Enter JV Of Hyperscale Data Centers In Northern Virginia; TPG Real Estate Acquires 80% Stake In $1.5B Portfolio
Portfolio Pulse from Benzinga Newsdesk
Digital Realty and TPG have entered a joint venture of hyperscale data centers in Northern Virginia. TPG Real Estate has acquired an 80% stake in the $1.5 billion portfolio, while Digital Realty will maintain a minority interest and continue to manage the day-to-day operations.
July 27, 2023 | 8:47 pm
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NEUTRAL IMPACT
Digital Realty will maintain a minority interest in the joint venture and continue to manage the operations. This could potentially provide a steady income stream and maintain customer relationships.
Digital Realty's decision to maintain a minority interest and manage the operations of the joint venture could potentially provide a steady income stream and maintain customer relationships. However, the impact on the stock price is uncertain as it depends on the profitability of the joint venture and the market's perception of the deal.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100