The Tech Capital Forum
Trending
Latest

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

COPT sells $222m site to Cloud Capital, exits data centre wholesale segment

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.

Premium Article

Subscribe free for unlimited premium access to The Tech Capital.com

Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles