Digital realty and mitsubishi corporation form data center development joint venture

Mitsubishi acquires 65% equity interest in two data centers currently under construction in the dallas metro area, with up to 48 megawatts of potential it load austin, texas , march 4, 2024 /prnewswire/ -- digital realty (nyse: dlr), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and mitsubishi corporation, announced the formation of a new joint venture to support the development of two data centers in the dallas metro area, which are 100% pre-leased to an s&p 100 investment grade customer on a long-term basis. mitsubishi has acquired a 65% equity interest in the venture for an initial contribution of approximately $200 million, while digital realty maintains a 35% interest and will manage the development and day-to-day operations of the joint venture, for which it will receive customary fees.
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