With 新澳门六合彩开奖结果2023 identified as a perfect haven for the hottest new global development, data centres, is going all in with the largest-ever Canadian investment in the sector.
Last month Fengate, a frequent development partner with , announced it was spending $1.8 billion to expand its investment in eStruxture Data Centers.
EStruxture currently has a portfolio of 15 data centres across 新澳门六合彩开奖结果2023 and an executive with Fengate said in response to emailed questions the firm plans to spend more than $300 million on expansion on both the East and West Coasts of 新澳门六合彩开奖结果2023.
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鈥楩ront row鈥 seat
, managing partner at Fengate, said his firm has been an investor in eStruxture since 2017 and has had a 鈥渇ront row seat鈥 in the data centre firm鈥檚 rise to become 新澳门六合彩开奖结果2023鈥檚 largest in the sector.
He said the significant growth in computing services, the Internet of Things, artificial intelligence and machine learning are creating a huge wave of data requiring infrastructure to support it.
It is estimated consumers and businesses will generate twice as much data in the next five years as was created in the past decade, he noted.
鈥淓Struxture is already the largest Canadian data centre platform, and Fengate鈥檚 investment will accelerate its growth to keep up with skyrocketing demand,鈥 stated Theodoropoulos. 鈥淚mportantly, with eStruxture bringing more state-of-the-art data centre facilities online, this will drive innovation, foster economic development and support the digital transformation of businesses across the country.鈥
LIUNA鈥檚 Pension Fund of Central and Eastern 新澳门六合彩开奖结果2023 is participating in Fengate鈥檚 investment in eStruxture. The investment includes capital from a group of institutional secondary investors co-led by Partners Group, a global private markets firm, and Pantheon, a leading specialist global private markets and secondaries investor.
Fengate is investing on behalf of Fengate Infrastructure Fund III, Fengate Infrastructure Fund IV and their affiliated entities.
鈥淎 number of our global investors were so excited about this deal that they wanted to be part of the deal announcement in June,鈥 said Theodoropoulos.
The Fengate executive said 新澳门六合彩开奖结果2023 is emerging as one of the best places in the world for data storage for several reasons, including the fact data centres require powerful cooling systems and 新澳门六合彩开奖结果2023鈥檚 relatively cool climate offers a natural advantage for efficient cooling.
He said 新澳门六合彩开奖结果2023 also has relatively inexpensive power, strong national and international fibre connectivity, stable government, stringent laws protecting the security and privacy of personal and corporate data, and highly skilled labour.
LIUNA did not immediately respond to requests for comment on its investment or the deal鈥檚 potential to provide work for its members.
Comprehensive expansion plan
EStruxture鈥檚 current portfolio of data centres includes facilities in Montreal, Toronto, Calgary and Vancouver.
Theodoropoulos said while the firm is committed to a 鈥渃omprehensive and phased expansion plan, the exact timetable remains flexible to adapt to market demands and operational milestones.鈥
Further details of the expansion will be available in due course, he said. EStruxture will remain focused on Canadian projects.
EStruxture has the support of prominent financial institutions and a strong balance sheet, Theodoropoulos said, which allows the firm to embark on new large-scale projects without delay.
It also has strong alliances with major network, cloud and service providers with access to the largest carrier hotels in 新澳门六合彩开奖结果2023 and all of the major internet exchanges including QIX, TorIX, YYCIX and VANIX.
Almost all of eStruxture鈥檚 facilities are in regions with renewable energy sources, Theodoropoulos said, which is important given the sector鈥檚 heavy energy consumption.
eStruxture also invests in advanced free cooling technology to reduce energy consumption and improve efficiency.
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