Brookfield Infrastructure, Digital Realty form JV for data centres

Brookfield Infrastructure, a subsidiary of Canada's Brookfield, and NYSE-listed Digital Realty, the global provider of data centres, announced the setting up of an equal joint venture to develop data centres in India. The JV will operate under the brand name BAM Digital Realty.

The joint venture will expand Brookfield Infrastructure’s global data infrastructure portfolio, which currently includes $23 billion in assets across data transmission, distribution, storage, and a portfolio of 139,000 operational telecom wireless towers in the country. Brookfield Infra intends to expand this to 175,000 over the near term. The company has over a decade of experience investing in India, with approximately $20 billion of assets under management including infrastructure, renewable power, real estate, and private equity.

BAM Digital Realty plans to acquire land parcels in multiple Indian metros for the development of data center campuses to support the needs of global hyperscale service providers as well as international and local enterprises. The joint venture expects to design, build and operate sustainable facilities, drawing upon the firms’ broader commitments to sustainable operations, including carbon reduction initiatives, release from the JV said.

BS