Global investment manager BGO has closed a US$ 260 million data center co-investment deal linked, taking the total funds raised as part of its U.S. Industrial Strategies I fund to roughly US$ 800 million.
BGO is now in advanced stages of securing up to 800 MW of power capacity in aggregate to enable the construction of up to 3.2 million sf of data centers. The combined platform is set to deliver an estimated US$ 2.43 billion in assets.
In a press release BGO revealed that this first fund of BGO’s U.S. Industrial Strategies features a prime portfolio of eight industrial projects, developed in collaboration with NorthPoint Development, which includes three properties planned for data center development. The data center co-investment is supported by institutional investors from the U.S., Canada, and Switzerland, and aims to secure 800 MW of power capacity.
John Carrafiell, Co-CEO of BGO said, “We’re combining world-class real estate expertise with deep energy and infrastructure knowledge to deliver next-generation powered sites for hyperscale demand.”
BGO’s partnership with NorthPoint Development, enables these industrial projects to be realised across 1,500 acres in strategic U.S. markets. 6.4 million square feet of the portfolio has been built, with 5 million already leased for modern, power-ready logistics and data infrastructure.