COPT, Blackstone strike new data centre JV
Summary: Corporate Office Properties Trust (COPT) formed a new JV with funds affiliated with Blackstone Real Estate. The JV acquired a 90% interest in two single-tenant data centre shells that are 87% pre-leased. They total 432k sqft and are valued at $119m. As with COPTs other ventures with Blackstone, the REIT owns 10% of the [] The post COPT, Blackstone strike new data centre JV appeared first on Structure Research | Cloud, Hosting Data Centres .
COPT, Blackstone strike new data centre JV
Summary: Corporate Office Properties Trust (COPT) formed a new JV with funds affiliated with Blackstone Real Estate. The JV acquired a 90% interest in two single-tenant data centre shells that are 87% pre-leased. They total 432k sqft and are valued at $119m. As with COPTs other ventures with Blackstone, the REIT owns 10% of the [] The post COPT, Blackstone strike new data centre JV appeared first on Structure Research | Cloud, Hosting Data Centres .