Bahrain’s Arcapita acquires data centre in US

Arcapita Group, the Bahrain-based global private equity company, has acquired a 21 megawatt (MW) data centre in the United States, with plans to expand total capacity to 31MW.

The acquisition in Minneapolis was conducted in collaboration with Cloud Capital, a data centre investment management company.

The Minneapolis data centre is primarily leased on a long-term basis to a provider of sovereign AI and cloud inference solutions.

No financial details were given.

Artificial intelligence and digital infrastructure are forming an increasingly important part of Arcapita’s long-term strategy, chief investment officer Martin Tan said.

“Data centres are a cornerstone of the digital economy and a key focus area within our US real estate strategy,” added Brian Hebb, managing director and head of US real estate at Arcapita.

The company will continue to strengthen its presence in the US market through investments in essential real estate and infrastructure assets that combine stable cash flows and growth, he said.

Cloud Capital has a diversified portfolio of 26 data centre assets totaling over $5.5 billion in assets under management, Arcapita said in a statement.

Further reading:

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• Bahrain’s Arcapita invests in US humanoid robot startup
• Bahrain strikes AI deal to create $1bn biotech assets

In September, Arcapita acquired a majority equity stake in C&K Paving, a US parking lot maintenance company. 

It acquired a majority stake in Trustpoint.One, a provider of services to law firms and corporate clients in the US, in May.

Last year, the company was reported to be planning a real estate investment trust of its property assets in the Middle East, valued at $1 billion.