Canada’s Brookfield Infrastructure Partners has completed the purchase of all of U.S.-based data centre operator Cyxtera’s assets for US $775 million under a court-supervised process.
Toronto-based Brookfield’s bought Cyxtera’s data centre portfolio through its Dallas-based Evoque subsidiary, which announced the deal’s closure in a news release. Cyxtera and Dallas-based Evocque were subsequently combined under the Evoque banner.
Through the acquisition, Evoque has incorporated 40 additional data centres located mostly in Canada and the U.S.
“Combining Evoque and Cyxtera is a strategic step that aligns seamlessly with our vision for data infrastructure investments,” said Udhay Mathialagan, who chairs Evoque’s board and heads Brookfield’s global data-centre business.
As part of the deal, Brookfield also acquired the real estate housing several Cyxtera data centres from Digital Realty Trust and Digital Core REIT. And, Cyxtera agreed to amend the terms of its current leases with Digital Realty covering three U.S. sites and three international locations, allowing Cyxtera to exit the premises this year.
In addition, Cyxtera agreed to sell its Montreal and Vancouver data centre business to Denver-based Cologix.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.