Serverfarm has expanded into Texas with the acquisition of two data centre campuses in Houston.
The HOU1 facility has a capacity of 410 MW, while the HOU2 campus spans two buildings with secured capacity to scale to 100 MW using existing grid power. Both campuses have on-site substations with unused available capacity.
Serverfarm’s development plan for the sites will focus on maximising capacity within the existing building shells before looking to expand in the future.
“Serverfarm’s innovative approach to providing near-term capacity directly addresses hyperscale customer requirements in a sustainable, future-proof manner. Our entry into Houston is our largest data centre investment to date, demonstrating our continued focus on serving our customers’ needs,” said Avner Papouchado, CEO at Serverfarm.
The acquisition was funded with equity commitments from Manulife Investment Management – Serverfarm’s majority shareholder – alongside other minority shareholders. The seller was advised by CBRE Data Center Capital Markets.
“This acquisition represents a transformational opportunity for Serverfarm and demonstrates its strong development capabilities and ability to provide speed-to-market to hyperscale customers in prime metro locations” added Recep Kendircioglu, Global Head of Infrastructure at Manulife Investment Management.
“We are strongly supportive of opportunities that strengthen the market position of our portfolio companies and excited about the acquisition of these two data centers enhancing Serverfarm’s presence in the United States.”
