Hyperscale Data Subsidiary Signs A Purchase And Sale Agreement With A Large New York Based Real Estate Firm, To Sell Its St. Petersburg Development Property
Portfolio Pulse from Benzinga Newsdesk
Hyperscale Data Subsidiary has signed a Purchase and Sale Agreement to sell its St. Petersburg development property to a large New York-based real estate firm. This move is part of its reorganization efforts to focus on a pure-play data center business. The sale is expected to close by the end of 2024, pending due diligence.
October 03, 2024 | 10:41 am
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Hyperscale Data Subsidiary, potentially linked to GPUS, is selling its St. Petersburg property to streamline operations and focus on data centers. The sale is expected to close by the end of 2024, subject to due diligence.
The sale aligns with the company's strategy to streamline operations and focus on its core data center business, which is likely to be viewed positively by investors. The completion of the sale is subject to due diligence, which introduces some uncertainty.
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