Brookfield to Buy Data Center Properties in $775 Million Deal

Nov. 1, 2023, 12:59 PM UTC

Brookfield Infrastructure Partners LP will acquire most of the assets of bankrupt data center firm Cyxtera Technologies Inc. for $775 million, adding new holdings in a key area of focus for the alternative asset manager.

The Toronto-based firm signed a deal to buy the real estate at which seven of Cyxtera’s US data centers are located from several landlords, according to a statement Wednesday. The transaction, which was previously reported by Bloomberg, includes Brookfield buying assets from Digital Realty Trust Inc. and Digital Core REIT.

Brookfield Infrastructure has been building its data center holdings with recent acquisitions of European ...

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