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Equinix, PGIM Form $600 Million Joint Venture To Develop Data Centers

Partnership Plans Initial Facility in San Jose, California
Equinix SV12x in San Jose, California, is expected to add capacity for existing users. (Equinix)
Equinix SV12x in San Jose, California, is expected to add capacity for existing users. (Equinix)
CoStar News
April 18, 2024 | 5:28 P.M.

Publicly traded data center real estate investment trust Equinix and PGIM Real Estate, a real estate investment and financing arm of Prudential Financial, have entered into a $600 million joint venture to develop and operate Equinix’s first xScale data center in the United States.

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