{"id":8881,"date":"2020-07-07T02:43:01","date_gmt":"2020-07-07T02:43:01","guid":{"rendered":"https:\/\/vantagedc.wpengine.com\/?post_type=news&p=8881"},"modified":"2020-10-16T13:39:26","modified_gmt":"2020-10-16T13:39:26","slug":"colony-capital-and-vantage-data-centers-to-form-strategic-partnership-to-advance-data-center-growth","status":"publish","type":"news","link":"https:\/\/vantage-dc.com\/fr\/news\/colony-capital-and-vantage-data-centers-to-form-strategic-partnership-to-advance-data-center-growth\/","title":{"rendered":"Colony Capital and Vantage Data Centers to Form Strategic Partnership to Advance Data Center Growth"},"content":{"rendered":"

LOS ANGELES and DENVER (July 7, 2020)<\/strong>\u00a0\u2013 Vantage Data Centers, a leading global provider of hyperscale data center campuses, and an investor group led by Colony Capital, Inc. (NYSE: CLNY), a leading global investment management firm, today announced they have entered into a definitive agreement to form a strategic partnership valued at $3.5 billion to accelerate the expansion of Vantage\u2019s best-in-class, wholesale data centers throughout North America and Europe.<\/p>\n

As part of the agreement, the Colony-led investor group will invest $1.2 billion in Vantage\u2019s diversified portfolio, including 12 stabilized North American data centers, which span more than 1.4 million gross square feet and 150MW of IT capacity across key strategic markets in Santa Clara, California; Quincy, Washington; Montreal and Quebec City, Canada. Vantage\u2019s management team, led by Sureel Choksi, president and CEO, will continue to manage and operate these assets as part of its global data center footprint. Vantage will maintain the same level of superior service to its valued customers in each market, while simultaneously developing and operating additional data centers throughout North America and Europe. The capital provided by this transaction will support Vantage\u2019s strategy to expand and enhance its global footprint.<\/p>\n

The strategic partnership also marks a significant milestone in Colony\u2019s ongoing digital transformation, with $200 million of the investment coming from Colony\u2019s balance sheet, underscoring its commitment to investing in and acquiring world-class, stabilized digital infrastructure assets that deliver consistent returns for Colony shareholders.<\/p>\n

\u201cThis innovative transaction establishes the most valuable portfolio of hyperscale data center assets in North America, backed and managed by the best-in-class management team at Vantage,\u201d said Marc Ganzi, CEO of Colony Capital. \u201cAs Colony continues to build momentum around our strategic transformation to digital infrastructure, this investment demonstrates our commitment to acquire high-quality digital assets on our balance sheet. We expect this will benefit our shareholders by providing consistent, predictable earnings from long-term leases with the highest-caliber, investment-grade customers.\u201d<\/p>\n

\u201cThis strategic partnership with the Colony Capital-led investor group provides Vantage with a partner that deeply understands digital infrastructure,\u201d said Mr. Choksi. \u201cVantage and its investor group are now even more well positioned to capitalize on a number of attractive market opportunities and deploy the necessary capital to drive innovation, deliver state-of-the-art facilities for our customers, and accelerate our expansion plans in existing and new markets globally.\u201d<\/p>\n

The partnership is expected to be finalized in late July. Citi served as financial advisor to Vantage Data Centers.<\/p>\n

About Colony Capital
\n<\/strong>Colony Capital, Inc. (NYSE: CLNY) is a leading global investment firm with a heritage of identifying and capitalizing on key secular trends in real estate. The company manages a $50 billion portfolio of real assets on behalf of its shareholders and limited partners, including over $20 billion in digital real estate investments through Digital Colony, its digital infrastructure platform. Colony Capital, structured as a REIT, is headquartered in Los Angeles with key offices in Boca Raton, New York, and London, and has over 350 employees across 20 locations in 12 countries.<\/p>\n

For more information, visit\u00a0www.clny.com<\/a>.<\/p>\n

About Vantage Data Centers
\n<\/strong>Vantage Data Centers powers, cools, protects and connects the technology of the world\u2019s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across six markets in North America and five markets in Europe, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.<\/p>\n

For more information, visit\u00a0www.vantage-dc.com<\/a>.<\/p>\n

Cautionary Statement Regarding Forward-Looking Statements
\n<\/strong>This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cpredicts,\u201d or \u201cpotential\u201d or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, Colony Capital\u2019s ability to successfully transition to a digital focused strategy and achieve the anticipated benefits of such transition, Colony Capital\u2019s ability to complete the Vantage strategic partnership within the timeframe and on the terms contemplated or at all, whether Colony Capital\u2019s strategic partnership with Vantage will result in any of the anticipated benefits, including, among others, providing consistent returns for Colony Capital\u2019s stockholders, whether Vantage will expand in existing and new markets globally, including the pace of such expansion, Vantage\u2019s ability to drive innovation and deliver state-of-the-art facilities for its customers, Vantage\u2019s performance, including its ability to provide consistent, predictable earnings from long-term leases with the highest-caliber, investment-grade customers, the impact of COVID-19 on the U.S. and global economy, including the duration and extent of the impact of COVID-19 on the operating performance of Colony Capital\u2019s real estate businesses and investments, Colony Capital\u2019s ability to de-lever, Colony Capital\u2019s liquidity and financial flexibility, Colony Capital\u2019s ability to complete its rotation to digital within the timeframe anticipated or at all, and other risks and uncertainties, including those detailed in Colony Capital\u2019s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 and its other reports filed from time to time with the Securities and Exchange Commission. Colony Capital cautions investors not to unduly rely on any forward-looking statements.<\/p>\n

The forward-looking statements speak only as of the date of this press release. Colony Capital is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Colony Capital does not intend to do so.<\/p>\n

###<\/p>\n

Press Contacts<\/u><\/p>\n

\nColony Capital<\/strong><\/p>\n

Investors:<\/em>
\nSeverin White
\nManaging Director, Head of Public Investor Relations
\nswhite@clny.com<\/a>
\n(212) 547-2777\n<\/div>\n

\nMedia:<\/em>
\nJoele Frank, Wilkinson Brimmer Katcher
\nJon Keehner \/ Julie Oakes
\nclny-jf@joelefrank.com<\/a>
\n(212) 355-4449\n<\/div>\n
\nVantage Data Centers<\/strong><\/p>\n

Mark Freeman
\nmfreeman@vantage-dc.com<\/a>
\n(202) 680-4243\n<\/div>\n

\nRobin Bectel
\nREQ for Vantage Data Centers
\nvdc@req.co<\/a>
\n(703) 287-7827\n<\/div>\n","protected":false},"featured_media":0,"template":"","news_type":[107],"class_list":["post-8881","news","type-news","status-publish","hentry","news_type-press-release-fr"],"acf":[],"fimg_url":false,"media_page_url":"","_links":{"self":[{"href":"https:\/\/vantage-dc.com\/fr\/wp-json\/wp\/v2\/news\/8881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vantage-dc.com\/fr\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/vantage-dc.com\/fr\/wp-json\/wp\/v2\/types\/news"}],"wp:attachment":[{"href":"https:\/\/vantage-dc.com\/fr\/wp-json\/wp\/v2\/media?parent=8881"}],"wp:term":[{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/vantage-dc.com\/fr\/wp-json\/wp\/v2\/news_type?post=8881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}