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COPT sells $222m site to Cloud Capital, exits data centre wholesale segment
The acquisition is Cloud Capital’s latest in a string of “interesting acquisition opportunities in the US and internationally” due to be announced over the coming months.
By João Marques Lima
Founder and Editor, The Tech Capital
2 Mins
January 26, 2022 | 1:43 AM GMT
Hossein Fateh, CEO and founder of Cloud Capital. Source: Georgetown University
US real estate investment trust (REIT) Corporate Office Properties Trust (NYSE: OFC) has sold 100% of COPT DC-6, the only asset in the company’s wholesale data centre reporting segment, to an investment vehicle managed by Cloud Capital, an affiliate company of CloudHQ, for US$222.5 million.
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