QTS Realty Trust, a leading provider of software-defined and mega scale data centre solutions, has announced as part of its global growth strategy, the expansion of its operations internationally with the acquisition of two operating data centres in the Netherlands.
QTS acquired the two data centre assets, totalling approximately 30 gross megawatts currently built out, from TCN SIG Telehousing B.V. for approximately US$44 million, including closing costs.
QTS currently anticipates approximately US$15 million of additional capital investments required for recommissioning of the two facilities.
This additional investment, in addition to the initial purchase price, represents an upfront cost per megawatt of approximately US$2 million, which is materially below the average cost to build in the Netherlands market.
“The data centre industry has increasingly become a global business, particularly among our target hyperscale customers. The European market, in particular, has experienced a significant rise in demand, with 2018 representing a record year of absorption across the four largest European markets,” said Chad Williams, Chairman and CEO – QTS.
“This acquisition advances our global expansion strategy and provides a platform for future growth internationally at a significantly de-risked entry point. Acquiring strategically located facilities at a competitive price aligns with our overall growth strategy and has clear long-term benefits for our customers and shareholders.”
The two data centres are located in Groningen and Eemshaven, which are located north east of Amsterdam.