StratCap acquires Milwaukee data centre
tratCap ’ s data centre real estate division , StratCap Data Centres ,
S has announced that it completed the acquisition of a 28,500 square-foot data centre that is fully leased on a triple-net basis located 16 miles south of Milwaukee in Franklin , WI .
The property was constructed in 2008 and is in a growing secondary Edge data centre market . The building is currently leased to Expedient , a multi-cloud and managed services provider that operates over 20 data centre locations and helps its clients transition to the cloud .
The data centre sits on 2.64 acres and currently has 1.2MW of critical load which is expandable to 2.4MW by building out existing shell space . There are approximately 15 years remaining on the current lease term , which also includes 2.5 % annual rent escalators and three three-year renewal options .
“ We were able to diversify our portfolio in an off-market transaction with what we
WE WERE ABLE TO DIVERSIFY OUR PORTFOLIO IN AN OFF-MARKET TRANSACTION . believe is an attractive asset acquired below appraised value , with a highquality tenant , in a growing data centre market ,” stated Bryan Marsh , CEO of StratCap Data Centres .
“ We think the relatively predictable rental revenue from the in-place , long-term lease and the continued geographic diversification of our assets will add value to our overall portfolio .”
Vantage starts construction on a second data centre at Frankfurt II campus
antage Data Centers , a leading global provider of hyperscale data
V centre campuses , has announced the start of construction on a second data centre on its Frankfurt II campus .
Adding to its existing presence in the most sought-after European market , Vantage has broken ground on a second facility ( FRA22 ) at its second campus in Frankfurt . The 16MW , 130,000 square feet ( 12,000 square meters ) facility is sited on seven acres ( three hectares ) in Raunheim .
Once fully developed , the campus will include 56MW of IT capacity across two data centres . Vantage is also continuing to develop its first 55MW Frankfurt campus ,
located in Offenbach , approximately 30 kilometres from Raunheim . Once fully developed , both campuses will offer customers a total of 111MW of IT capacity in the Frankfurt region .
“ Vantage continues to develop state-ofthe-art data centre campuses in the most vital locations across EMEA to support some of the world ’ s leading technology companies ,” said Antoine Boniface , president , EMEA at Vantage Data Centers .
“ The speed and scale of our deliveries is unprecedented in our company ’ s history , as is our commitment to sustainable development . It ’ s truly a remarkable time in the data centre industry to be on the frontlines of the digital infrastructure revolution .”
Frankfurt II marks Vantage ’ s ninth campus in EMEA , six of which are now operational ( Berlin I , Cardiff , Frankfurt I , Johannesburg , Warsaw and Zurich ). www . intelligentdatacentres . com