QuadReal and T5 Data Centers are expanding their data centre platform through a capital raise to support its next phase of strategic growth, bringing its total value to $8 billion.

Formed in 2019, the platform—jointly owned by Vancouver-based QuadReal and Atlanta-based T5—has developed facilities in key U.S. markets, including Silicon Valley, Hillsboro, Ore..; Chicago, Atlanta and Charlotte, serving cloud, AI and enterprise users. The new investment will support growing customer demand and advance the development of a scaled campus strategy with an ultimate capacity of five gigawatts, said the companies.

“Digital infrastructure has been a strategic area of conviction for QuadReal since 2019, and we remain very enthusiastic about demand growth, driven by the large installed base of cloud, continued cloud adoption and the advancement of AI,” said Jamie Weber, head of Americas at QuadReal. “We are excited to leverage our platform with T5, and their trusted capabilities, to deliver scaled, cutting-edge data centre solutions to the market.”

With data centres among QuadReal’s highest-priority investments globally, the partnership aims to expand development, acquisition and operational capabilities across the U.S. as sector fundamentals remain strong.

“This additional investment from QuadReal is another step that enables T5 to pursue its ambitious scaled campus strategy, supplying AI- and cloud-ready data centre capacity to the world’s most sophisticated technology companies,” said Pete Marin, CEO of T5.

QuadReal has $89 billion in assets under management and invests in real estate equity and debt through direct investments, programmatic partnerships and operating platforms. T5 specializes in developing, constructing and operating data centres for AI, hyperscale and enterprise environments.

Pictured: A T5 data centre located in the Chicago area.

Photo: T5 Data Centers