NTT and Macquarie Asset Management have announced a real estate partnership which will cover NTT’s wholesale facilities across Europe and North America.
The partnership will provide Macquarie Asset Management with opportunities to invest real estate capital alongside NTT as part of its expansion in Europe and North America, while NTT aims to accelerate its data centre development through the venture.
NTT has over 1,300 MWs of data centre capacity across more than 20 regions globally, with a development pipeline of a 25% increase in capacity. The company has also committed to achieving net zero emissions across its data centre operations by 2030.
Brett Robson, Global Head of Real Estate for Macquarie Asset Management, said: “We see this as a very attractive sector to invest in, given the exponential growth of global data and computing and the significant capital requirements for operators to keep up with user demand. We are delighted to partner with NTT, a leading data centre operator, that has a global footprint and an exceptionally strong development and operational history.”
Masaaki Moribayashi, President and Board Director for NTT, added, “The world is moving further and further towards digital operations, driving demand for data centres. NTT has ambitious plans to build and operate more data centres which our strategic partnership with Macquarie, a globally recognised, long-term and experienced financial investment partner, will allow us to achieve. NTT aims to provide high-quality services to global companies by maximizing investment efficiency and accelerating data centre business investments. Macquarie understands our vision to enable the growth and innovation of our clients. Macquarie’s real estate investment capabilities are highly attractive as we consider the ongoing development of our platform in Europe and North America.”