Digital Realty expands into Kansas City, raises Teraco stake to 77%, acquires Columbia Capital for $485M
Digital Realty Trust (DLR) announced Monday entry into Kansas City, an increase in its Teraco ownership stake to 77%, and a $485M acquisition of Columbia Capital. The company did not disclose the dollar amounts for the Kansas City expansion or Teraco stake increase.
Digital Realty Trust (DLR) announced Monday a three-part expansion comprising entry into the Kansas City data center market, an increase in its ownership interest in South African data center operator Teraco to 77%, and the acquisition of Columbia Capital for approximately $485 million.
The data center REIT disclosed the simultaneous moves without providing a dollar figure for the Kansas City build-out or the Teraco stake increase. Digital Realty previously held a controlling stake in Teraco; the rise to 77% consolidates its position in Africa's largest carrier-neutral colocation provider. The Columbia Capital transaction values the target at $485 million, though Digital Realty did not break out expected closing dates, financing structure, or pro forma revenue contribution for any of the three initiatives.
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