He said the newly-acquired site was bought for cash in an off-market transaction and will be the first of many large-scale data centre campuses the group develops stateside. The acquisition comes on the back of the group’s participation in an estimated $100 million (€85 million) deal last year to acquire the California-headquartered data centre company, 365 Data Centers. That transaction saw Chirisa acquiring facilities in eight locations in the US with Mr Piercy becoming the firm’s chairman. The demand for data centres comes on the back of increased storage and analysis of data by companies working across multiple industry sectors. “There is an insatiable demand for quality data centre space and a lot of US guys are servicing that from greenfield sites.

Source: The Irish Times May 25, 2018 05:02 UTC