AcquisitionsJun 22, 2026, 07:02 AM
Digital Realty Expands Hyperscale, Boosts Teraco Stake, Acquires Columbia Capital
AI Summary
Digital Realty announced a series of strategic transactions to bolster its three core growth pillars. This includes acquiring 1,440 acres of land in Kansas City for $475 million to expand hyperscale data center development, increasing its ownership in Teraco to 77% by purchasing a 16% stake for $650 million, and acquiring Columbia Capital for $485 million to scale its Strategic Private Capital platform. These investments are primarily funded through the issuance of 6.3 million shares of common stock and are expected to enhance the company's growth profile.
Key Highlights
- Acquired 1,440 acres in Kansas City for hyperscale data center development for $475 million.
- Secured 600 MW of utility power for Kansas City site by early 2028, rising to 2 GW.
- Increased Teraco ownership to 77% by acquiring a 16% stake for $650 million.
- Acquired Columbia Capital for approximately $485 million to scale private capital platform.
- Transactions principally funded by issuing 6.3 million shares at $197.54 weighted average price.
- Teraco and Columbia Capital acquisitions expected to close in H2 2026.
Price Impact
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