Equinix has inked a new limited liability partnership with Singapore sovereign wealth fund GIC, which at close will bring the xScale data centre portfolio to over USD 6.9 billion across 32 facilities worldwide. This means the two firms have added USD 3.9 billion to expand the xScale programme. The deal is expected to close this year. GIC will then own an 80 percent equity interest in the future joint ventures, with Equinix holding the remaining 20 percent.
After completion and buildout, the xScale data centre portfolio will span three regions. Europe will have xScale data centres in Dublin (3), Frankfurt (5), Helsinki (1), London (2), Madrid (2), Milan (1), Paris (4) and Warsaw (1). Asia-Pacific will have xScale data centres in Osaka (3) and Tokyo (3) while the Americas will have them in Mexico City (1) and Sao Paulo (3). The company plans to announce three more sites at a future data. Together, the xScale portfolio of 32 facilities will provide more than 600 megawatts (MW) of power capacity when fully built out.
The company announced new sites earlier this year, saying it would put USD 3 billion into developing them for hyperscale cloud providers. Equinix first unveiled plans to start a joint venture with GIC last spring.
