Digital Realty and Brookfield Infrastructure have agreed to establish a 50/50 joint venture focused on the development, ownership and operation of data centres in India. The joint venture will operate under the brand name Bam Digital Realty.
The joint venture is expected to support the expansion of PlatformDigital, Digital Realty's global data centre platform. Data centres developed in India will leverage Digital Realty's data centre design and operating procedures and Pervasive Data Center Architecture (PDx) approach for the new digital workplace.
The joint venture will expand Brookfield Infrastructure's global data infrastructure portfolio, which currently includes USD 23 billion in assets across data transmission, distribution, and storage, including a portfolio of 139,000 operational telecom wireless towers in India, which it intends to expand to 175,000 over the near term. Brookfield said it has over a decade of experience investing in India, with USD 20 billion of assets under management including infrastructure, renewable power, real estate, and private equity.
Bam Digital Realty intends to acquire land parcels in multiple Indian metros for the development of data center campuses. The joint venture plans to design, build and operate sustainable facilities. The closing of the joint venture is subject to customary closing conditions and regulatory approvals and is expected to occur in the second half of this year.
