The Tech Capital International Finance Forum
Trending
Latest

Yondr buys 270 acres of real estate under $2bn Americas data centre takeover

Acquisition comes just two weeks after the company announced it would be investing nothing less than US$2 billion in building and expanding its footprint across the US, Canada and Latin America.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 02, 2021 | 9:42 AM BST

Hyperscale data centres operator Yondr in partnership with JK Land Holdings, LLC (JKLH) have announced they have closed on the acquisition of 270 acres of real estate in Loudoun and Prince William Counties, Virginia, with the sites expected to support the delivery of 500MW of critical IT capacity.

Northern Virginia is the largest data centre market globally with over 1.2GW of total leased data centre absorption to date.

With close to 240MW of data centres currently under construction, Northern Virginia is home to some of the biggest cloud players and poised to grow by 13.8% in 2021.

Éanna Murphy, Senior Vice President of Operations, Americas at Yondr Group, said: “With our Americas expansion plan in full swing, being strategically located in Northern Virginia will allow our clients to access the country’s largest data centre corridor.

“Our partnership with JK Land Holdings and support from both county governments will allow our clients to grow at scale in this metro.”

Chuck Kuhn, CEO, JK Land Holdings, LLC, and Founder and CEO, JK Moving Services, added: “Demand for data centres continues to grow exponentially. With our leadership in real estate acquisitions and Yondr’s expertise in developing state of the art data centre facilities, we look forward to partnering to meet the nation’s growing big data and cloud needs.”

The new site is in close proximity to Northern Virginia’s major fibre path and power transmission lines. Yondr aims to have its first capacity ready for service in late 2022.

Buddy Rizer, Executive Director, Loudoun County Economic Development, commented: “The pandemic year has demonstrated the need to demystify data centres as businesses, educational institutions and the entertainment industry went primarily remote.

“The full impact of data centres goes beyond the physical infrastructure. We welcome Yondr to Loudoun County and look forward to working with them and our own JKLH as they contribute to the growth of the region and create a lasting impact on our communities and local residents.”

Daily

Daily Brief

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

Login or Register to comment on this article

More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles